Yup, this hits a bunch of the basics. There are details, of course, but just like every "housing crisis" in the past, the parameters that need adjusting are fu

Yup, this hits a bunch of the basics. There are details, of course, but just like every "housing crisis" in the past, the parameters that need adjusting are fundamentally the same. Which way to adjust always changes. And, in part thus, always becomes the basis for the next crisis. For example, zoning requirements were mostly positive and useful at a time when some jerk might open up a steel mill right next to my house just because I happened to live on some useful waterway and near some rail that had been built...* and, this fostered development of land that was arguably underutilized in the economic landscape of the time (... "suburbia"). Of course, as happens with markets in general (and, especially, when you produce "professional businesspeople" and have laws regarding "fiduciary responsibility"), once primary development of new markets / "opportunities" is largely exhausted, then, the less net-positive behavior starts. I.e., when you hit a degree of "market saturation". The resistance of market participants to change in what they have "staked out". So, all the NIMBY crap. Some, for reasons most might empathize with. Some, by the greediest and most psychopathic (including in "big corporate" contexts), to stop any further development simply to maximize prices of assets they "own".** Right now, I'd say we're in a period of unusual disruption, even as disruptions go. Maybe more of a 1:50 year or even 1:100 year disruption. Changes related to the sudden significant increase in population that can potentially work from just about anywhere ... etc. Quite an upending of a relative status quo of, really, centuries ... and, of course, not having nearly as positive an impact on certain communities that formerly suffered more from people leaving than from people clamoring to move in ... In any case, as pressure increases, changes will be made - more and more rapid and large-scale. Unfortunately, it always takes years (and will basically guaranteed set up the next "trouble(s)"). But, fundamentally - more houses, change in permitting requirements towards "lower", rebalancing (decreasing) "institutional ownership", etc. * https://youtu.be/9mLu5jOUmws https://youtu.be/9mLu5jOUmws ** Own in quotes because that's a whole other area of sort of human absurdity that I'm not even going to get into - but, just interpret in whatever way you usually do