Not true. As an overly simple thought experiment consider what happens to the market if a government were to dictate the construction of two units of housing pe

Not true. As an overly simple thought experiment consider what happens to the market if a government were to dictate the construction of two units of housing per capita. The issue is lack of supply. That is enforced by zoning, which is ultimately dictated by politicians, who know they won't get reelected if they make policy changes that gut a significant portion of their constituents' savings. It's a fairly straightforward example of systemic dysfunction with no obvious solution.