Regulations can only go so far to keep houses affordable when the land is worth far more than the building on it. I remember the first time I was visiting Santa Barbara and saw all these cute little houses and thought how nice it'd be to live there... sticker shock!
One thing with big cities though is they do need the lower economic levels to keep the gears turning. They have to arrange for workers to live somewhere.
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Regulations can only go so far to keep houses affordable when the land is worth far more than the building on it. I remember the first time I was visiting Santa Barbara and saw all these cute little houses and thought how nice it'd be to live there... sticker shock!
One thing with big cities though is they do need the lower economic levels to keep the gears turning. They have to arrange for workers to live somewhere.
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