If affordability was the only limitation faced by all households in housing markets, and everyone was able to afford relatively decent shelter, would housing markets not need any form of public intervention.
In this circumstance it is likely that segregation by social class would continue. Segregation by social class would result in some degree of racial segregation given the unequal SES across different racial and ethnic groups. But this would not be caused by a failure of the housing market.
Segregation by income is less extensive than segregation by race.
[this is nub for me to write more on later]
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