Vancouver may be underbuilding, but the point I am trying to make is that the amount you have to build to have a notable impact on price is probably a lot more

Vancouver may be underbuilding, but the point I am trying to make is that the amount you have to build to have a notable impact on price is probably a lot more than people think. I brought up Vancouver because I know that HN is very SF-oriented and there is extremely little development, and so people may be lured into thinking that's the only issue. In Vancouver I feel there's quite a bit of development, but the city faces the same issues. Similarly we see cities such as NYC and London where development is constant not being able to lower prices. It's not likely to be a problem that can be solved purely by the market providing supply. Supply is necessary but there are many other variables. Houston's endless sprawl is not technically emulatable for many cities and the design of the city is undesirable to many. I'm not sure it's an example that people would choose to follow.