Overbuilding is a huge problem: buildings don’t just sit there quietly if they are empty, they rot. I’ve seen plenty of abandoned buildings in China to be again

Overbuilding is a huge problem: buildings don’t just sit there quietly if they are empty, they rot. I’ve seen plenty of abandoned buildings in China to be against going that route. They will eventually be torn down if unused, which is why Buffalo has a housing crisis right now even if it has half the population it used to have. But that isn’t the problem for Seattle or San Francisco. There is something to be said for a city with extra housing as well as desirability at the same time, like Berlin a decade or two ago. But that never lasts, and eventually an equilibrium is reached, equilibriums always occur in the long run.