> No, that's not a problem. If there is demand -- any kind of demand -- whether it's for people's primary residence, a vacation home, or a short-term rental pro

> No, that's not a problem. If there is demand -- any kind of demand -- whether it's for people's primary residence, a vacation home, or a short-term rental property, you build more. In Spain, there was high demand for property prior to 2008. In areas in the UK, there was high demand for property across most of the country. Then credit became harder to get after the GFC, and suddenly the demand just wasn't there. In Spain, property prices in many area more than halved within a year. What happened? Suddenly everyone moved out? No, the demand was just demand from a different source. Actual house price increases outstripped rent increases by multiples, but suddenly all of that demand to own just disappeared when the credit driven boom went bust (not everywhere). There is often more to it that just build more.