They need to encourage more private sector development, rezone the city, and increase the unit caps. I keep saying.... and its quite a simple concept that if you give developers the right circumstances, they will build. Believe me, its in the interest to build on a grandiose scale if the circumstances can favor them in the end.
There has to be a balance between the city and developers. Can't be a one sided, me me me conversation at all times. Right now, the conditions suck. The caps suck. Prices suck... its a mess.
I do think the concept of a city should apply to all. As an urban construct where one can make it. But the wealth divide is extreme, and I do feel that overpricing is a slow cancer that will slowly kill a city (population loss, little growth, loss of culture) . Might not apparent now... but watch! And other places will take advantage of this. Hey... I'm just sayin'/
To some, I may be speaking blasphemy, but I implore you to look for a property in such conditions or imagine yourself with your income and under those conditions. See my point? There has to be a sort of empathy for people. The very conditions that existed decades ago are no longer there. Overpricing is killing the urban fabric.