Those places would rise in price slightly slower with more supply. It's not like the housing stock is inducing enough demand to affect the price; the demand com

Those places would rise in price slightly slower with more supply. It's not like the housing stock is inducing enough demand to affect the price; the demand comes from other desirable characteristics like access to good jobs and weather. In SF at least, we are severely supply constrained. Increasing the supply hasn't been tried in meaningful numbers to know for certain how it could affect price. But in many other municipalities that have been better able to build housing, it does decrease costs for everyone as the article describes.