Where I live, in Mountain View, the housing crunch is epic. Developers are pitching many large developments, and the cost per unit is ludicrous. Part of it is that they're building high end stuff, part is land costs, part is high labor cost since we're in a real estate boom, but each new unit of housing in Mountain View also incurs something approaching six figures in permit costs, and the city often milks the developers for things like local park improvements, which passes the costs onto the new construction as well. Sorry cities, you can't have it both ways - can't demand more of developers and lower prices.