If there is a demand, the Market will respond.

[freemkt]

Originally Posted by workingclasshero

exactly

The standard often used in government says that housing is affordable if it consumes no more than 30 percent of income.

The standards most often used by landlords and property managers says that rent should consume no more than (depending on who is making rental decisions) one-third or one-quarter of income.

Note that the government standard is in between the two most commonly used private sector standards, i.e. in the neighborhood.

[whogo]

Cheaper houses would be available were in not for building codes.

[freemkt]

Originally Posted by whogo

Cheaper houses would be available were in not for building codes.

DING DING DING We have a winner!

As Ronald Reagan said, Government IS the problem.

There are also zoning codes and unrelated occupancy restrictions to blame.