<soapbox>
I think incompitence is an esencial part to the natural economics balance here. If homes spike up to a million and the workforce leaves, few will continue to pay that to live in such a screwball place, and the price of houseing either theoreticly goes back down or wages go way up.
But instead we elect people who scramble to direct taxpayer money to "low income" houseing that interfears with the natural process at great expence. That won't stop (paying bureaucrats to try to correct a self-correcting economic system) until we can educate a better generation of eloctorate.
</soapbox>
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