My house has gone up 28% in the past year and grew only a bit slower the prior year. Contrary to what everybody on west coast yells emotionally it has nothing t

My house has gone up 28% in the past year and grew only a bit slower the prior year. Contrary to what everybody on west coast yells emotionally it has nothing to do with shortages, actually it’s the opposite. In my past experience on HN this subject tends to become exceedingly emotional very quickly. Please do not reply to me about high economics with 0 data. I live in the third fastest growing large city in the US. It has doubled in population over the past 20 years and may become one of the US 10 largest cities over the next decade. There is plenty of room to expand here with constant construction and no geographic or political boundaries. Property prices seem to increase proportionally to the increase of housing quantity as though increased quantity is fueling increased demand. Multi tenant properties only seem to pop up here once an area becomes to saturated with single family residences leaving higher density units as the only remaining option. Despite there being very low financial barriers to becoming a home owner here it seems an incredibly high quantity of single family homes are rentals.