There's a similar kind of problem in the UK. The government realises that there is a lack of housing that poorer people can afford, so is causing more lower-price houses to be built. The problem is that a lot of richer people get hold of them to use for renting out, meaning that the poorer people are still stuck renting.
That's not the problem here. The houses that are meant for lower incomes are protected and can't be bought by people with higher income (unless no buyer with low income wants it within a set period). Problems here start with people not being able to get even a cheaper rental because the people who have them and want to buy something cheapish can't afford to...
What's particularly frustrating is that I could afford to pay a mortgage (it would be less than I pay in rent), but I just cant afford the initial deposit. The amount more that I'm paying a month towards rent instead of a mortgage will probably add up to what I would pay in a deposit at some point as well .This leaves me with the choice of moving away, or getting a horribly huge loan at a nasty rate (i.e. 100% mortgage).
sounds familiar. If I do find something I'd like the situation is similar.
Do not threaten THIS beaver! Not even with this tiny ad: