Yes but it also has a pretty long lead time so continued mass immigration always drives up the price. It's true of most hard infrastructure.

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hirako2000 2 hours ago | parent | next [-]

It's mostly due to absurdly difficult to get permits.

A benefactor decided to solve the housing crisis, created a development company. Gave up 2 years later. Stating the legal burden to get permits was the biggest financial obstacle. We are ready to build from the start, 2 years later we still couldn't build and spend most of our capital in lawyers in hope to get any approval.

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russdill 2 hours ago | parent | prev [-]

Which makes cutting back on immigration a short term solution.

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cloverich 2 hours ago | parent | next [-]

Population growth is driven largely by immigration though.

	▲	russdill 2 hours ago \| parent [-]
		And what do you suppose drives the growth in housing?

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test6554 2 hours ago | parent | prev [-]

I mean, if the goal is fewer people, then there are many many nefarious ways to achieve that.

	▲	russdill 2 hours ago \| parent \| next [-]
		Really with birthrates the way they are going, unless radical life extension comes soon it's going to be a problem that "solves itself".
	▲	vrganj 2 hours ago \| parent \| prev [-]
		We could also just do a good ol' fashioned culling!