Not at all. I think it's not about work (earning), but rather on spending. Gottorf nailed it with:

>it's impossible to own a home in a highly desirable, relatively low-density area, with many high income earners and lots of inbound migration both internal and external, unless you inherit one

Of course it would be nice if everyone got what they wanted, but when it comes to housing it seems to me that everybody wants to live in the same places. This drives up the prices in those areas because only a limited amount of people can live in a given area.

I don't see how you can fix that with any policy. As long as everyone wants to live in the same place the cost of living is going to be expensive there.