There are plenty of yuppies to buy up any fancy new houses in town, though. So no cheap houses are built inside the cities proper. In the US, there's always mo

There are plenty of yuppies to buy up any fancy new houses in town, though. So no cheap houses are built inside the cities proper. In the US, there's always more land - it's just further away! The cheap "Camry" houses still get built, but never as infill. It just gets pushed further and further out to the exurbs. Unless you take money (or cheap debt) out of the hands of the yuppies, nothing changes here.