Builders don't make money on the resale of existing homes. They want new homes to fetch the highest price, but they can also earn money on volume. Nothing built

Builders don't make money on the resale of existing homes. They want new homes to fetch the highest price, but they can also earn money on volume. Nothing built, nothing sold. Existing homeowners are the blocker. And increased construction doesn't mean home owner go underwater. That's a pretty extreme situation. Housing prices are unlikely to drop barring a disaster like 2007. Houses will become affordable even if the prices rise more slowly. Encouraging home ownership as a means to increase wealth really has to go away. It's the major contributing factor to the aforementioned reluctance of existing home owners.