Population doesn’t grow that fast, you can build enough to keep ahead of the curve for a long time especially if you keep zoning in check. What nobody mentions is the real reason rents go up is an oversupply of jobs in the area vs housing. Keep the housing to office space ratio reasonable and rents never explode, except that shifts costs to business rather than individuals.

> Population doesn’t grow that fast

You can't really look at country-wide population though. The population of e.g. Germany is pretty stable, but within Germany there's a lot of movement with people moving to the large cities. Rent is rising in those cities, while it's getting lower and lower the further you move from those cities.

I think GP was suggesting that if you limited office space in the large cities, businesses would be priced out, which would reduce demand on housing.