We need to break the chain of real estate speculation by building enough so you don't see 5-10% YoY real estate appreciation based on no improvements. The prob

We need to break the chain of real estate speculation by building enough so you don't see 5-10% YoY real estate appreciation based on no improvements. The problem is there's so much FOMO in housing, because of the 7-9% yearly appreciation, that it causes people to keep piling in assuming whatever they buy at, they'll also average 7-9% eventually, in a positive feedback loop. When we build enough so we stop seeing that kind of appreciation, people will stop treating housing as a speculative investment asset they're going to be imminently priced out of, as they could always buy in the future when it's roughly the same price.