No: The middle class is suffering because it's illegal to building housing for them. See http://jakeseliger.com/2015/09/24/do-millennials-have-a-futu... or The Rent Is Too Damn High http://www.amazon.com/TheRent-Too-Damn-High-Matters-ebook/dp....
If you restrict the supply of a good in the face of increasing demand, prices rise. The rest is commentary.