High housing prices are the result of a housing shortage. The shortage is the result of government zoning, regulation, and slow-walking building permits.
(Apparently California has only issued 4 permits so far for people to rebuild after the fires.)
Luxuries are cheap and getting cheaper. Basic necessities like housing are increasingly expensive. That's where most of the inequality is being felt by people.
(Apparently California has only issued 4 permits so far for people to rebuild after the fires.)