How odd... There's a housing crisis in Canada, and Australia, both vast countries. Oh, and also the US coasts, and well actually in the Midwest prices also dou

How odd... There's a housing crisis in Canada, and Australia, both vast countries. Oh, and also the US coasts, and well actually in the Midwest prices also doubled. And the whole of Europe, including low density eastern Europe. ...and still, surely the problem for all of this must be in some local zoning law, or "foreign investors". If only we tweak a little tax or policy here and there and defeat the boogeyman "NIMBY" all of this goes away. Except that it won't. You cannot keep adding boat loads of people to a tiny 5% "hot" area of any of these countries and think it will fit. Any amount of (typically small) new supply is immediately in use, and what about next year? And the year after?