The way to address housing affordability is to build more housing

[Chad_Sudan]

Reading these posts with great interest, as I’d like to better understand all the factors involved.

A while back, we had another discussion along the same lines:

The affordable-housing crisis -- is more supply really the answer?

The affordable-housing crisis in the Western world’s most expensive cities is routinely framed as a “housing shortage” that can be fixed by increasing supply. I’m skeptical. First, has increasing supply actually worked thus far to bring housing prices down? For one thing, it’s well known that investors buy up luxury apartments as investment properties and then keep them empty or underused. Second, a meaningful increase in housing supply puts a strain on existing, underfunded infrastructure (tr…