Name one mega city with lots of housing where the prices have actually gone down. It isn't rocket science: add more supply in a hot area, it attracts more demand. Kind of like how building wider highways doesn't really do anything for traffic jams.
Most cities would like to keep their growth in check somehow so they have the appropriate infrastructure ready for it. Things that distort that (AirBNB, Chinese speculators, etc...) throw all of that off.
Most cities would like to keep their growth in check somehow so they have the appropriate infrastructure ready for it. Things that distort that (AirBNB, Chinese speculators, etc...) throw all of that off.