“Why would those who do own houses want to see their assets depreciate because of increased supply…” I’ve been paying more attention to the intractable social

“Why would those who do own houses want to see their assets depreciate because of increased supply…” I’ve been paying more attention to the intractable social problems such as housing as similar to the talk about offshoring of US manufacturing 10+ years ago. I have family in the mid-west who suffered downward pressure on their wages. Meanwhile the technology industry wages are skyrocketing. Money in the economy, but not for them. They have turned towards the more radical political factions who promised to help. I witnessed suffering people welcome chaos as a force for change. I want to know who is benefiting from the housing crisis? I bet they’re entrenched in legal and moral loopholes, and lobbying that reforms will lower your home value and put your ‘investments’ underwater. That’s what I’m thinking about. And I’m reminded that leaving the EU seemed, as seen from the US, like it would be difficult. But the UK managed to do it, for good or bad.