We often hear here (Berlin) that the housing affordability crisis is due to not building enough housing...Yet London apparently built loads in the last 20 years and it's still as unaffordable as ever (or even more than ever)?
Is there any data showing that if we let loose and build a ton of housing that purchase prices and (especially) rents will reduce significantly? It's intuitively true but all the cities you can see a ton of construction in have also gone from "expensive" to "more expensive" at the same time.
Did any major city people want to live in got more affordable (or stayed affordable) in the last 10-20 years?
Is there any data showing that if we let loose and build a ton of housing that purchase prices and (especially) rents will reduce significantly? It's intuitively true but all the cities you can see a ton of construction in have also gone from "expensive" to "more expensive" at the same time.
Did any major city people want to live in got more affordable (or stayed affordable) in the last 10-20 years?