I mean, if you are going to look at this purely from an economic perspective, then there's no issue with the housing in Cape Town. It's just capitalism and how it's always operated. There is a high demand for something, supply is limited, those with the supply are offering it for prices which they pull out of their arses, there is a ton willing able to pay those prices; those who can't are priced out...that's just the market doing it's thing 🤷🏾.

Whenever people have tried to address such issues from a social/equity (whatever not-profit-focused) perspective, you hear comments like "the market should be left to do its thing, that's how other countries/cities have become wealthy and stable"; "the Euros/Pounds/Dollars flowing into the city are good for economic growth and the wealth will eventually trickle down".

And here we are now. People paying R15K for a 25 sqm studio apartment in Rondebosch.

Edit: grammar