[jltsiren]

Housing remains expensive only if too many people want to live there. If the demand goes down, housing costs must eventually go down as well.

Once the balance between supply and demand is similar, urban living should be cheaper than suburban living, because urban areas need less infrastructure for each resident.

[elcritch]

Good points, though bad housing policies like SF’s can artificially decrease supply.

For expensive housing you need both demand and lack of ability to create new housing.