Supply and demand go together. To talk about one and not the other is simply wrong. If demand was constant or only slightly increasing we wouldn’t have a shortage.
The shortage is more demand driven than people want to acknowledge and so we can’t even begin to solve the problem since it’s not accurately defined. It’s a demand issue, so the solution has become price increases. There will never be enough houses in Malibu to meet the world’s demand and have those houses also be affordable. If we let millions of new demanders into the market each year, prices have to rise because you can’t fit the worlds population in Malibu.
> It’s a demand issue, so the solution has become price increases
That’s more of a capitalist solution than a real solution. Instead of building additional housing we just move the access from millions via price increases.
We can resolve it by creating more supply, we already do by way of copious amounts of cheap plastic home goods that flood the purchasing landscape.
The shortage is more demand driven than people want to acknowledge and so we can’t even begin to solve the problem since it’s not accurately defined. It’s a demand issue, so the solution has become price increases. There will never be enough houses in Malibu to meet the world’s demand and have those houses also be affordable. If we let millions of new demanders into the market each year, prices have to rise because you can’t fit the worlds population in Malibu.