Comment by jadel

What the article largely says is that there isn't really a housing crisis if people make more money and pay more rent. Is it realistic to pay hundreds of dollars per month in rent when Microsoft pays hundreds of thousands of dollars per year in Seattle? Not from a market perspective. People paying what they can afford isn't really a housing crisis. That is essentially the market working, pricing valuable things highly. It might certainly be some other crisis however, like society favouring property over work.