That would have been true if they didn't already spend those decades arguing instead of building anything which would theoretically reduce the general scarcity.

That would have been true if they didn't already spend those decades arguing instead of building anything which would theoretically reduce the general scarcity. It doesn't make it worth arguing over to the point pf delay now, but it matters that it's only feasible to build 50k luxury units by displacing the last hovels in the tiny amount of new space opened up for them since the 50s