This is entirely true, but its effects are exaggerated due to draconian zoning and regulatory issues (like parking). When you slap on height limits, use limits,

This is entirely true, but its effects are exaggerated due to draconian zoning and regulatory issues (like parking). When you slap on height limits, use limits, and parking quotas, the marginal price increase for a given level of demand is drastically higher. The ratio of mobility to affordability is affected mostly by our (in)ability to extract value out of land.