> bring down the cost of living in cities through building more housing,
Housing is not ruled by the supply and demand wizardry. Housing is subject of infinite cash from fossil fuels, oligarchs, pension funds, dynastic family fortunes, and mortgage leverage by individuals already owning real estate. You build more, more will be purchased and the prices will still grow.
Occupancy is at record highs in most US cities. It’s simply too little inventory, mostly due to local regulations and NIMBY’s. Most housing is owned by ppl, and a lot of the nation’s net worth is tied up in housing, disencentivising the lowering of house pricing.
You could see it duting covid in NY, people left and inventory went up. Rent and housing came down.
Same now in SF, ppl leave, inventory goes up, prices come down.
It’s not that complex really. Solving it will not be easy though.
No, pretty much every piece of all three sentences you write is completely, utterly, and without any reservation wrong. In fact they are so ridiculously wrong and go against every piece of actual data that has ever been produced by reputable sources that unless you actually show your cards (I know that some NIMBY groups have fake and/or misleading data, which we have seen and rebutted many times before, so I really do encourage you to try if you're serious) I have to assume you're just trolling.
We are absolutely talking about two different locations. I'm talking about Europe. Let me know once apartments in Zurich, Barcelona, Paris, Milan, or even Warsaw will submit to some market forces. I wish to be wrong, but once witnessing this enourmous stream of money one forfeits any doubts.
Housing is not ruled by the supply and demand wizardry. Housing is subject of infinite cash from fossil fuels, oligarchs, pension funds, dynastic family fortunes, and mortgage leverage by individuals already owning real estate. You build more, more will be purchased and the prices will still grow.