> Would my net worth suffer if governments allowed more housing? Absolutely. This is the crux of the issue, not because it’s true, but because people believe i

> Would my net worth suffer if governments allowed more housing? Absolutely. This is the crux of the issue, not because it’s true, but because people believe it’s the case. The value of the house itself would fall, but the value of the land would still increase with more flexibility in how it’s used. An 1800 sf home is never going to be worth $5 million. At some point, people will make other sacrifices to not have to pay that. But I imagine that same lot could support a 10 unit building (just guessing). At $500k each, that property is now worth $5 mil, and each unit is comparatively affordable. Even if the property owner doesn’t turn it into a 10 unit complex, others that do would cause nearby single family lots worth more since they could be converted, or kept for a super rich guy. An underrated aspect is that most California leftists refuse to believe free market capitalism can solve the problem, regardless of the evidence. I think there are fewer people who are just protecting their property values than we think. We need to start talking about the issue with that in mind if we want things to change.