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It’s also frustrating because new housing is always necessarily market rate, and when the market rate is ridiculous, new housing is ridiculous. I live in “luxury” apartments from 1970, and even though I live in an expensive city, my rent is decently reasonable for the area (plus, I would hardly describe my unit as luxurious, unless you consider shoddy craftsmanship and ugly decor luxury). Point is: new is market rate, and market rate is expensive. So people see new apartments go up with market rates and assume that it’s just intentional gouging vs a reaction to market forces. And this doesn’t even touch things like how zoning encourages buildings like this, etc.