The "private market" does work, but regulations mean you typically can't renn a place you own out for more than a year. So you can easily get a contract tomorro

The "private market" does work, but regulations mean you typically can't renn a place you own out for more than a year. So you can easily get a contract tomorrow at market rate, and that's what a bartender or software developer will have to do if they move in. If you are a professional, rent should be fairly affordable. If you are a student, it's not affordable. The downside though is the uncertainty. You'll expect to have to move to a new place around every 12 months or so which is a chore, and obviously is out of the question if you have a family. 40% of net income doesn't seem disastrously high tbh.