alt Hacker NewsYes but it also has a pretty long lead time so continued mass immigration always drives up the price. It's true of most hard infrastructure.
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russdill • today at 4:53 PM
Which makes cutting back on immigration a short term solution.
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It's mostly due to absurdly difficult to get permits.
A benefactor decided to solve the housing crisis, created a development company. Gave up 2 years later. Stating the legal burden to get permits was the biggest financial obstacle. We are ready to build from the start, 2 years later we still couldn't build and spend most of our capital in lawyers in hope to get any approval.