Housing costs

[panamaniac]

As for how to reduce rent costs..that is a challenge, and I don't have any easy answers, beyond the fact that parking minimums and other anti-development policies that prevent infill development and prioritize sprawl make the situation worse.

But it does come back to income inequality, if wages had grown at a similar rate to housing...there wouldn't be an issue...

Unless more housing is built, housing will be expensive no matter what happens to wages. In the long term there are only two fundamental ways to make housing in an area more affordable: increase the supply (build more), or decrease the demand (people move away). Measures like using tax money to build affordable housing just move the expense around a bit.

Well, we could soon be facing a decrease in demand, so there's that ....