If 1M people want to move to your city but you only build housing for 100k of them, it's not really going to move the needle very much on price, even if you bui

If 1M people want to move to your city but you only build housing for 100k of them, it's not really going to move the needle very much on price, even if you built "a lot" of housing. The amount of housing built has to be considered in comparison to the demand for more housing. The absolute numbers matter much less than the relative ones.