All of that is true, my comment was based on US Housing trends as the context of this discussion is around the American Suburb.
Other nations have other issue, largely that they are locked in with limited amounts of land that can be repurposed for housing, thus this supply restraint is some of the cause of the price increases there. For example the nation of France is SMALLER in land area than the State of Texas yet has over 2x the number of people occupying that smaller land area
The US has TONS of underused land that is continually being developed for new suburban housing additions
Home sizes in Paris haven’t changed much over the past 50 years.
Yet, prices have exploded. Heck, they’ve skyrocketed. For the exact same thing. Only a bit older.
New apartments, no bigger but built in the suburbs, far from the subway (and not close to the regional trains) cost the same as the old ones of the same size did in Paris 10 years ago (and they were already priced crazily).
With the same numbers of bathrooms but no job that could enable one to afford such a place less than 45 minutes away.
The 2.000sqft 3 bathrooms home with a lawn appears to be a very American thing.