> Housing is too expensive because it's illegal to build enough of it.

A lot of us are in the US, where (except for SF and handful of specific cities) housing is legal to build practically everywhere, municipalities are handing out free money for any form of development, so people do build tons of new housing all over...

...and the prices still rise anyway.

80% of the buildings within a 1 mile radius of me did not exist at all 20 years ago. There's almost 5,000 new units around. Half of the new apartment buildings are only at like 70% utilization. We barely hit 1% population growth year-over-year.

Prices are at 40 year record high prices anyway (yes, even after factoring for inflation).