I share your frustration with only overpriced, luxury housing being built. However, I think you are misattributing the blame here. The reason why only expensive luxury housing gets built in so many areas is almost always because the local government only allows developers to build luxury apartments. If housing construction was deregulated, then actual rampant capitalism would see profit in building affordable housing and then build affordable housing. Take a look at things like ibuprofen. Ibuprofen is a pretty awesome medicine, but it isn't only for rich people now. It is very cheap and affordable. Same with cell phones.