The claim that increasing housing supply would increase prices probably requires some argument.

As long as foreign wealth can continue to buy up properties as they are built, the actual housing supply doesn't really increase

That's a pretty large part of the problem

The actual housing supply also doesn't increase if you prevent building houses...

It can increase more rapidly if you prevent increasing _density_.

Preventing increase in _density_ leads to better outcomes long-term.

It sounds crazy, right? Supply/demand, and all of that.

But it's an example of one of the things in economics where the effects end up being different because of collective actions. As a result, no large growing city within the US within the last 30 years managed to lower down housing prices by increasing density. I checked that using the Census statistics database.

And no, Austin (TX) doesn't count. It decreased prices by decreasing the _population_.

Doesn't look like Austin's population decreased? They had a decline in net migration but a population increase.

Are we talking about the same Austin, TX?

https://www.macrotrends.net/global-metrics/cities/22926/aust...

Its population continues to grow. Basically monotonically increasing.