> Housing cost crises everywhere from Vancouver to NYC to Tampa to London are far too sharp, far too recent, and far to correlated with the concentration of assets at the top of the wealth distribution to be “because we need to build more housing”.

This isn't recent at all. London workers have got paid more than non-London workers for at least the last 20 years due to housing costs. That, of course, only sends housing prices upward, but then many other factors do to.

London population's gone up by 1.7m people since the year 2010[0], and housing has gone up by 280000 dwellings in that same period[1].

To cope, rent and prices have gone way up, and large homes have been divided into several smaller ones, and there are HMOs as well, as the market reacts to that massive pressure.

> The idea that the person at the median is doing as well as they were ten years ago is a weird religion, the idea that they’re doing as well as their parents is a cult.

It's true for almost everything except housing, which can be explained by the above.

[0] https://www.macrotrends.net/global-metrics/cities/22860/lond...

[1] https://www.statista.com/statistics/788390/number-of-dwellin...