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There seems to be a pretty sharp lower bound on how cheap a living situation (e.g. rent on an apartment) can be in the parts of the United States I'm familiar with. I would have thought that there would be demand for cheap-but-bad housing on the part of people with low income. Here are some hypotheses I've come up with for explaining this, and I'd appreciate anyone who has relevant knowledge commenting if I'm on track:
There's also zoning and other issues, and subtler ones like licensing of construction trades, etc. But this seems to be a big part of the story. From last year http://www.psmag.com/navigation/politics-and-law/how-the-trailer-park-could-save-us-all-55137/
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