Land zoned for development is the one thing you cannot produce in factories. No wonder that densely populated areas feel the shortage.
Zone more land for denser development, and you will see the rents and home prices fall, or at least stagnate. That is why people started building skyscrapers immediately after reasonably developed lift technology was available.
> Since 1963, inflation has risen 896%, while housing prices have risen by more than 2,350%.
> For example, between 1984 and 2021, home prices in Massachusetts rose by 469.89% while incomes increased by 221.10%.
ETC, ETC
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