The policies that would solve the supply/demand problem are things people don't want. The cities aren't priding themselves on unaffordable housing, it's the NIMBYs that are the problem.
A 10 story building blocking MY view? No way!
You want to add 1,500 more cars to the street in front of my house? But my children play in the front yard!
We can't tax or deny foreign ownership of property! That unfairly targets immigrant entrepreneurs!
(I'm not saying these arguments aren't valid in some peoples minds, but they are the root of the problem)
A 10 story building blocking MY view? No way!
You want to add 1,500 more cars to the street in front of my house? But my children play in the front yard!
We can't tax or deny foreign ownership of property! That unfairly targets immigrant entrepreneurs!
(I'm not saying these arguments aren't valid in some peoples minds, but they are the root of the problem)