The article argues that more housing would increase the value of the housing already there and thus the prices would not decrease. First, it's odd that the peo

The article argues that more housing would increase the value of the housing already there and thus the prices would not decrease. First, it's odd that the people who would ostensibly benefit, the NIMBY crowd, typically oppose new housing. Second, if this analysis were accurate, building more housing still seems like a good idea. It won't lower the cost of housing but would increase the value and let more people get housing. Finally, the author also mentions that most new homes are put to their intended purpose - housing local residents. Perhaps that's true of "most" homes, but I've seen statistics that a hundred thousand Toronto homes are unoccupied [1]. Toronto homes are typically bought by Air BnB types and speculators, foreign and domestic. In my view building houses is a good answer. Building new houses should be accompanied with taxes on unoccupied homes. If the cost doesn't go down but the value goes up, as the author suggests, that will be unintended but not bad. 1 - https://betterdwelling.com/city/toronto/toronto-has-over-99000-unoccupied-homes-heres-where-they-are-interactive/#_ https://betterdwelling.com/city/toronto/toronto-has-over-990...