This only further hurts people living here by chasing them out of their homes and taking control of their communities away from them.
We can't solve the problems of every country in the world by destroying our own. That only makes things worse for everyone.
[1] https://eyeonhousing.org/2021/03/immigrants-in-construction-...
Chill out with the racist "we're running out of room" diatribes. We are decidedly not running out of room.
Tokyo has a huge demand in accommodation and guess what, they keep building a lot of apartment buildings and it works.
It's not a supply-side problem (or not only or even majorly a supply-side problem). We can see this because the housing bubble is occurring in widely different places with widely different construction rules: both very restrictive and very lax. This is fundamentally a finance bubble.
Housing is entirely local. The US has plenty of cheap land to build housing. People choose to live where the jobs are or where QOL is high. High prices reflect that. And that's good - it's a signal we should be building housing and opening new businesses elsewhere.
no matter what we do on the supply side, it will be eaten up by the unlimited demand from investors.
while housing outperforms other investments or until regulators curtail the activity, housing will remain expensive.