as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
formulate a hypothesis to explain why the prices of housing are higher in cities.
user
the hypothesis is that the higher demand for housing in cities is driving up the prices. as cities experience population growth and an influx of people, the demand for housing is greater. additionally, the restrictions on construction and the limited availability of land are contributing factors to rising housing costs.
assistant