I think the main problem with housing is that it's not laissez faire at least from the production side. With homeowners everywhere fighting tooth and nail against any uptick in housing supply, it's not surprising there's a shortage. Which only serves to make it even more attractive to investors, it's like bitcoin without all the complicated tech.
Absolutely, but there is some laissez faire'ness on the producers side as well. A few of the publicly traded builders in earning calls by their own admittance have touted restricting supply of already built inventory purely to protect their high profit margin.
We definitely need to build more, though the producer "market" is failing a bit also
