Very few civic leaders discuss the root cause of high housing costs. One of the primary reasons housing prices are so high in New York City is because of restrictive zoning that puts an extremely prohibitive limitation on housing supply.
According to some striking data presented in TurboTax's latest infographic, the average American can expect to spend between $200,000 - $500,000 on their child during the first 17 years of their young one's life.
Where do you live and how much do you pay on housing? What percentage of your budget does this represent? Does your housing payment cramp other parts of your life? Or have you intentionally kept it low so that you can afford to spend on other things?