I don’t want to come across as too skeptical since increased supply will certainly apply downward price pressure. But, I’ve been seeing this argument so often r

I don’t want to come across as too skeptical since increased supply will certainly apply downward price pressure. But, I’ve been seeing this argument so often recently that I need to question it. Can you provide contrasting examples of places of similar high population growth where the deregulated ones’ home prices stayed substantially lower than the regulated ones? I ask this because I believe that demand is the primary influencer of home prices, not supply. I’m open-minded though. So, to challenge my assumptions, I even briefly looked at several of the fastest growing cities of the past couple years (with several in Texas). However, even areas that I assumed had lower regulation and less zoning still had substantial annual price increases. To me, the only way that you can reduce housing costs is to decrease demand.