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> I’ve been trying to explain to YIMBY-type folks for years that while, yes, supply and demand are both important, it’s extremely rare that the price of an asset will crash due to increased supply

I don't think anyone in the YIMBY movement (as far as I'm aware) believes there would be a crash in prices. I think the position is that increased supply with help stem the rapid growth in prices.

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I’ve seen people do things like compare Seattle and SF housing prices and say, “see, they’re growing more slowly in Seattle because they’re building more!” Even if that’s the case (possible, but there might be other factors at play as well)…that doesn’t solve housing affordability for anyone. It was still getting more expensive, just more slowly.

Taking your boot off the patient’s windpipe might not heal her, but everything else you try is going to work better if she can breathe.

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