Comment by ethbr1
Doesn't that indicate we should be building more and cheaper housing?
The other components of the market aren't fixed and immutable.
If state governments wanted to mandate denser rezoning and smaller minimum unit sizes once unaffordability reached a certain level... they could.
Pointing at expensive housing and saying "We therefore have to make it cheaper by forcing more people into bargains in which they receive none of the gains" seems like the tail wagging the dog.
Sure, but it wouldn't change anything, unless your plan is to make housing so cheap that it literally costs less than a month of rent to buy the whole place, I don't think you're going to have a lot of luck.