If a city has 1 million jobs but only homes for 800k workers, then you will always have 200k workers who are priced out of homes. Or if you do it the communist way and assign homes with arbitrary price ceilings, you still have 200k people without homes although now it is the 200k most recent immigrants and not the 200k poorest, but the problem is still there.
So what do you suggest we do about that except build more homes?
> So what do you suggest we do about that except build more homes?
Why are you trying to make this complicated? Just get rid of density caps so that developers build more apartments. Problem solved with zero cost to taxpayers.
>Why are you trying to make this complicated? Just get rid of density caps so that developers build more apartments. Problem solved with zero cost to taxpayers.
Because "better a thousand rental units go un-built than let one slum lord construct a substandard basement apartment" or some other garbage like that.
Basically people keep trying to set a quality floor that society mostly isn't rich enough to afford and most land can't be developed enough to justify then acts surprised when the actual densification that happens is only a slow trickle.
So what do you suggest we do about that except build more homes?