> The govt gets caught between regulations, is slower, wasteful & pays higher wages to workers. Chicago [1] is contemporary proof that Govt. can't build housing.

This is overstated. Government can effective build public housing, many governments have succeeded in doing so. That article lists several issues with government housing in Chicago such as unstable funding and administrative overhead. The choice is between YIMBY policy regulatory changes to nudge housing supply or policy changes to improve public housing. And improving, expanding, and financing public housing is the structural solution to the problem not a bandaid. For example, market can never house the homeless because they don’t have money to pay for a house, even in a completely efficient market where housing is sold at cost. YIMBY effects are at best small, slow, and don’t significantly benefit the populations who need housing most.