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That mechanism is compromised with necessities like food and shelter.

Only when supply is constrained. There are plenty of housing markets in the US to provide a constellation of price points. In other words, competition. Property owners do not owe charitable contributions to you just because you want to live where they own property.

Also worth taking note of the burgeoning homelessness problem.

It's not connected to housing supply or prices. The US housing inventory per-capita is as high now as it has ever been for the past 70 years.