Almost everyone has housing, and buildings aren't built unless they can be occupied. The notion that somehow increasing house "supply" will lower prices is absu

Almost everyone has housing, and buildings aren't built unless they can be occupied. The notion that somehow increasing house "supply" will lower prices is absurd. Housing is a rivalrous good. People will generally pay as much as they can afford. Introduce 30-year mortgages? House prices will go up 50%. The best single predictor of house prices is population density. Building more units is likely to be a sign of rising prices. Case in point: Most people complaining about prices in the Bay area could have had cheaper housing back home but moved here instead.