The reason there's a housing shortage is that almost all US cities have insanely terrible urban planning and zoning policies. There's no guarantee this will con

The reason there's a housing shortage is that almost all US cities have insanely terrible urban planning and zoning policies. There's no guarantee this will continue forever. In fact, I see quite a bit of evidence that Americans are gradually waking up to the fact it's possible to have decent, livable cities if you don't do everything completely backwards. So, for instance, I think it's actually possible (not guaranteed) a substantial amount of housing will be built in the Bay Area in the next 10 years, which will decrease the willingness of people to pay $2M for a generic small house in a suburb.