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No, then you’re not building enough. If you build enough supply to meet demand then prices would fall. This isn’t speculation, this is simple law of supply and
by diogenescynic 6y ago
No, then you’re not building enough. If you build enough supply to meet demand then prices would fall. This isn’t speculation, this is simple law of supply and demand taught in every economics course. What you’re talking about is just not based in reality.
> It isn't a supply and demand issue IMO.
With all due respect, you’re wrong and haven’t read about it enough then. Think about it like this, over the past few decades we’ve built fewer housing units than our population needed. This allowed demand to keep rising faster than supply, this pushed prices up. If you reverse that trend and make housing easier and cheaper to build, this trend would reverse.