If you ever played Monopoly; you know that available housing is limited by physics, conglomerates and local laws, therefore supply is capped. Global housing dem

If you ever played Monopoly; you know that available housing is limited by physics, conglomerates and local laws, therefore supply is capped. Global housing demand cannot adjust because people need a place to stay. Supply and demand (elasticity) works great for certain goods, housing is just not one of them.