The Substack article I linked in my previous post presents a compelling case for why and when builders stop building. Your position that we could fix that by re

The Substack article I linked in my previous post presents a compelling case for why and when builders stop building. Your position that we could fix that by removing regulations. I think that's not a wise course of action because many of the housing regulations are written in blood, and if you're going to eliminate regulations, you need to understand why they were there in the first place and how much blood is behind them. But even with regulations, developers don't care. see: https://www.youtube.com/@cyfyhomeinspections https://www.youtube.com/@cyfyhomeinspections. This bloke is a building inspector in Arizona, and he documents all the shortcomings and tricks that builders will use. You are right, I don't believe that increasing the supply of housing will decrease prices because housing is a financial instrument, and the whole system is so leveraged that it will fall apart if prices decline. One could claim that it fell apart in 2008. However, if you were to move housing out of the asset class, you would cause significant financial trauma to tens of millions of people. How would you make them whole? We have an example of oversupply not leading to price drops. Commercial real estate, such as storefronts and offices, continues to maintain a high price, even though a property has been idle for years. One would expect it to sell/lease for less due to the lack of demand, but it doesn't. The only thing I know that will decrease housing prices predictably or consistently is not maintaining the property. Let the property become worn, dysfunctional, and substandard. Some classes of landlords have made this an art form. My responses are always long-winded, but that's a side effect of using speech recognition. :-)