If you look at local city politics, it is a huge political issue, but one that's an extremely divisive issue between the left and the left, between "affordable housing" and "affordable housing". This is the NIMBY vs YIMBY issue.
"Where is the outrage?", you ask. The outrage is on the other side. Homeowners don't want their own homes to be affordable. When property values go down, the people who live on those properties get outraged, and those people are overrepresented among voters. When property taxes go up to redistribute even some of this unearned housing wealth, that leads to "constitutional amendment" levels of outrage.
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If you look at local city politics, it is a huge political issue, but one that's an extremely divisive issue between the left and the left, between "affordable housing" and "affordable housing". This is the NIMBY vs YIMBY issue.
"Where is the outrage?", you ask. The outrage is on the other side. Homeowners don't want their own homes to be affordable. When property values go down, the people who live on those properties get outraged, and those people are overrepresented among voters. When property taxes go up to redistribute even some of this unearned housing wealth, that leads to "constitutional amendment" levels of outrage.