It’s not just a hunch. There is a strong theoretical basis for why that will case prices to go down and supply to go up. And that theory is backed with actual evidence. Houston has more new home starts than the entire state of California, its housing prices are stable despite explosive population growth. Tokyo likewise has more housing starts than New York, LA, and Houston combined, and prices there are stable despite a growing population as people move into the city from the rest of Japan. The thing both places have in common is very streamlined zoning laws.
Zoning proponents are like anti-vaxxers and climate changer deniers.
Zoning proponents are like anti-vaxxers and climate changer deniers.