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Is it the case that most people are in the middle, with not enough section 8 and luxury qualified people to go around?

Exactly. Section 8 is difficult to get as there is a fixed allotment of housing available and it can take years to get your voucher.

The other thing that's surprising is how many people are renting their homes. My own naiveté had me believing renters lived in apartments. Not even close! Most renters live in houses in regular neighborhoods from the low-end to the high-end. There are higher-end neighborhoods near where I live where 20%-30% of the houses are being rented, not mortgaged. In lower-end neighborhoods the percentages are much higher. That was before the 2008 housing crises, the percentages have increased since.



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