I recently moved to Vienna and don’t qualify for the public housing (you need to have lived here for a certain amount of time)but the sheer amount of it (and relative quality) means that even in the private market, competition is much less.
Compared to other cities we have lived in, the rent is much lower and the quality much higher.
Something like 60% of the population lives in either public or subsidized housing!
Yeah that’s what I mean… it would be good for society if prices went down, but it would also make a lot of people pissed off, so they intentionally dance around actual solutions in favor of shit like this.