No, the people who own houses have chosen to make them expensive. Because it is expensive, those people are quite rich. This gives them political power to make it more expensive. See: San Francisco regulations on construction.
It's a terrible feedback loop. Nobody who owns a house in SF in their right mind would vote for anything that could substantially decrease the value of their home.
The fix: (1) government re-regulates building to be easier and land to be more available, causing a housing boom. (2) government guarantees every house's value as it was before the reforms. If the value falls, government pays the difference. (3) Government raises a tax to pay this all off.
