I feel a bit confused about what you mean with that it is not about wealth. If two people wants to live in a place as much and they both are ready to give 30% of their net income, the richer one would get the apartment in a system with no rent control, right? Your point only makes sense if everyone had the same net income.
Secondly, why is the merit of high income more valuable than waiting in the line for longest time? None of them is a lottery in my opinion.
Secondly, why is the merit of high income more valuable than waiting in the line for longest time? None of them is a lottery in my opinion.