I'm not convinced by this[1]. It is true, if all municipalities suddenly let anyone build wherever they want, we would see prices fall. But that isn't the cause

I'm not convinced by this[1]. It is true, if all municipalities suddenly let anyone build wherever they want, we would see prices fall. But that isn't the cause of the current price surge. The _cause_ is a surge in demand, not a restriction of supply. [1] https://fred.stlouisfed.org/series/ETOTALUSQ176N https://fred.stlouisfed.org/series/ETOTALUSQ176N