There is no magical solution to housing shortage. A waiting list is shit system, but I'm sure the Guinness Book would have no difficulty finding depressing record for rental price in other major cities.
There is no magical solution to housing shortage. A waiting list is shit system, but I'm sure the Guinness Book would have no difficulty finding depressing record for rental price in other major cities.
This makes sense to me. An "above average" salary should make it possible for you to live in "above average" areas; to live in the "best" areas should require the "best" salaries.
Obviously it's a bit more complicated than this, since different people have different rankings of locations and some people will choose to live in "worse" areas so that they can keep more of their income for other purposes; but in the limiting case where there is public consensus on which areas are "better" and everybody lives in the "best" area they can afford, percentiles of income will exactly match percentiles of housing location.
I find people in Vancouver who are confused by this concept on a regular basis. Vancouver has 900,000 households but only has space for 300,000 detached houses; as long as detached houses are viewed as being superior to other forms of housing, there's no way the median household will ever be able to afford a detached house.
Building more houses works pretty well, and has the benefit that no magic wands are required.
In addition to that dense housings can lead to social problems and therefore crime, which is highly undesireable.
Especially in Europe you also have the problem of having a lot of old buildings that are protected, so you can't change or replace them.
Housing is a very complex problem and supply and demand only gets you so far. If it were really just all about that, places like London, NY and SF would never have become so expensive.
Some of those political limits are understandable, like not wanting to tear down an ancient building. Others are pure NIMBYism.
Where do you think the existing transport came from?
The issue with housing is Stockholm has existed way before it became popular to blame all problems on the immigrants.
edit: had unclear language