Here is Robert Shiller on these issues: https://www.project-syndicate.org/commentary/real-estate-prices-housing-inequality-by-robert-j--shiller-2017-07 https:/

Here is Robert Shiller on these issues: https://www.project-syndicate.org/commentary/real-estate-prices-housing-inequality-by-robert-j--shiller-2017-07 https://www.project-syndicate.org/commentary/real-estate-pri... and the demographia survey he refers to: http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf You can get all three of these things. Become a lawyer or doctor and move to Cleveland, buy a house near your work and you have it. Or Washington DC or Berlin or Canberra. Restrictions on supply in some places as in the Bay Area is what is stopping all three being chosen. If more apartments were allowed then affordability would rise.