We build new housing, but it just isn’t keeping up with demand in those few hot cities where young people want to live. Yes, Toledo and Buffalo (in the USA) have cheap housing to get, but those aren’t where people want to live.
This is a big part of the problem; in the past when you had these situations the "kids" would move to new cities where new activities were happening and build them up (hell, Silicon Valley is basically an example of this).
That seems to have dried up, nobody is building massive employment centers far from the existing major cities.
This is a big part of the problem; in the past when you had these situations the "kids" would move to new cities where new activities were happening and build them up (hell, Silicon Valley is basically an example of this).
That seems to have dried up, nobody is building massive employment centers far from the existing major cities.