100%. The problem with housing that's so expensive that it's out of reach is that it completely reinforces the idea that "it doesn't matter how hard you work, I

100%. The problem with housing that's so expensive that it's out of reach is that it completely reinforces the idea that "it doesn't matter how hard you work, I'll never be able to afford a decent place to live", and once large swaths of the population give up on the idea that hard work is rewarded, very bad things tend to happen. People lose faith in institutions, they blame everything as "corrupt", and they're not exactly wrong. It becomes a world of haves vs. have-nots where what defines a "have" is that you, or a parent, already owns a home in a semi-desirable area or better.