> supply It is (mostly) one of supply, though. California has massively underbuilt over the past decade. If an empty condo were an asset that didn't appreciat

> supply It is (mostly) one of supply, though. California has massively underbuilt over the past decade. If an empty condo were an asset that didn't appreciate in value because of the scarcity of housing, maybe those wealthy people would sell them and invest in the market or companies or something else. https://www.sfchronicle.com/opinion/openforum/article/How-the-French-are-fixing-a-housing-crisis-14931728.php https://www.sfchronicle.com/opinion/openforum/article/How-th...