I agree completely. While its fun to place the blame for high prices on the investors, in reality the high prices are for the same reason that we see high pric

I agree completely. While its fun to place the blame for high prices on the investors, in reality the high prices are for the same reason that we see high prices of everything else: there is a shortage. Zoning reform is a solution to get out of this mess, but zoning is not the only cause of this problem. If you look at the last 10 years of housing construction in this country, and you compare it to the previous 50 years, you see that we have simply not been building enough housing: https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST If a nation spends 10 years not building enough housing, high prices are what happen. If you add low 2020 interest rates to the mix, the effect on housing prices are explosive in the short term.