Except it is good for everyone. Just not in the same term lengths. For homeowners, constraining housing supply and ballooning their property values in the imme

Except it is good for everyone. Just not in the same term lengths. For homeowners, constraining housing supply and ballooning their property values in the immediate sense stalls the economy at multiple layers. Without housing companies cannot attract hires, no hires means limited growth, or companies stop moving to your city. in the US, since this housing epidemic is practically national in scale, it means businesses just stop trying to expand in US markets where its impossible for people to live. It means people who could otherwise be productive are instead destitute, and in macrospect that trend produces rampant poverty and criminal enterprise to compensate for the lack of legitimate business opportunity. For every home owner individually the idea of deflating their ludicrous property values sounds bad until they can come to terms with the fact that their collective behavior contributes to diminished or absent growth both locally and nationally. You cannot grow industry on inflated single family home prices in major cities but you can wreck an economy and the lives of millions.