https://twitter.com/geographyjim/status/1121809404049776641?s=20 https://twitter.com/geographyjim/status/1121809404049776641?... GIF of housing supply in Londo

https://twitter.com/geographyjim/status/1121809404049776641?s=20 https://twitter.com/geographyjim/status/1121809404049776641?... GIF of housing supply in London, New York, Paris and Tokyo, 1970-2013, showing growth of maybe 1/3 in the first three and doubling in Tokyo. Amazingly real estate prices in Tokyo are basically flat throughout this period, those of the other three, not. Real estate prices will go up in desirable locations if supply is not allowed to grow with demand.