> That said, the problem is that average wages don't rise as fast as the cost of living does.
And that's presumably part of the problem
> But that housing is so expensive is a failure of local government policies, and by extension, the voters who support those policies. Housing doesn't have to be super expensive.
I'd be interested to know precisely which local government policies are failing here. To a naive outsider, it sounds as if its likely that well-off incomers are displacing existing populations from desirable areas/properties.
What are the failures of local government housing policy? Failure to relax standards so that existing residence can move into nice high-density prefab blocks built on existing green-space?
And that's presumably part of the problem
> But that housing is so expensive is a failure of local government policies, and by extension, the voters who support those policies. Housing doesn't have to be super expensive.
I'd be interested to know precisely which local government policies are failing here. To a naive outsider, it sounds as if its likely that well-off incomers are displacing existing populations from desirable areas/properties.
What are the failures of local government housing policy? Failure to relax standards so that existing residence can move into nice high-density prefab blocks built on existing green-space?