Well, politically, housing becoming cheaper is considered a failure. And this is true for all ages. As an example, take Reddit. Skews younger, more Democrat-voting, etc. You'd think they'd be for lower housing prices. But not really. In fact, they make fun of states like Texas whose cities act to allow housing to become cheaper: https://www.reddit.com/r/LeopardsAteMyFace/comments/1nw4ef9/...

That's just an example, but the pattern will easily repeat. One thing that came out of the post-pandemic era is that the lowest deciles saw the biggest rises in income. Consequently, things like Doordash became more expensive, and stuff like McDonald's stopped staffing as much.

This isn't some grand secret, but most Americans who post on Twitter, HN, or Reddit consider the results some kind of tragedy, though it is the natural thing that happens when people become much higher income: you can't hire many of them to do low-productivity jobs like bus a McD's table.

That's what life looks like when others get richer relative to you. You can't consume the fruits of their labor for cheap. And they will compete for you with the things that you decided to place supply controls on. The highly-educated downwardly-mobile see this most acutely, which is why you see it commonly among the educated children of the past elite.

Thank you, I've replied too many times that if people want low priced housing, it's easily found in Texas. The replies are empty or stating that they don't want to live there because... it's Texas.

So the young want cheap affordable housing, right in the middle of Manhattan, never going to happen.