This has actually been a favorite analogy of YIMBYs for quite some time. "What if the supply of new cars were constrained for some reason?," they'd ask. "What w

This has actually been a favorite analogy of YIMBYs for quite some time. "What if the supply of new cars were constrained for some reason?," they'd ask. "What would happen to the market for new cars? Would prices go up or down? Would people who had planned to buy a new car settle for a used one? Would this drive up prices?" Etc, etc. And of course that's exactly what happened.