> This is basically the late stage of us continually not building enough housing for years and years. I'm not sure how anyone thought this would turn out differ

> This is basically the late stage of us continually not building enough housing for years and years. I'm not sure how anyone thought this would turn out differently. Absolutely! Build more housing, at any price level[0], and rents will stop growing and maybe even come down. [0]: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4629628 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4629628