There was a factual statement buried in there: that there is an equal amount of extra supply to match the demand growth from people who need to live somewhere.

There was a factual statement buried in there: that there is an equal amount of extra supply to match the demand growth from people who need to live somewhere. This is simply not true — population growth is outstripping meager supply growth in most cities in the US in most other western countries. If you disagree with this statement of fact, please provide citations.