The relevant German policy is one of massive housebuilding. For decades they have had policies and programs to just build a ton of housing, because that depres

The relevant German policy is one of massive housebuilding. For decades they have had policies and programs to just build a ton of housing, because that depresses wage inflation pressure, which is important for their export economy. Building homes also happens to be a good idea for your citizens! California, meanwhile, has recently hit an all-time low in home construction and the 2018 "boom" in housing starts was lower per-capita than any pre-1980 housing "bust".