That won't magically make enough housing appear on the market. Many of the major cities where jobs can be found have a chronic shortage of housing, at all levels of value.

We need to build housing like there's a WAR effort, like there's an actual battle against homelessness by building enough homes for everyone who wants to live in an area. NIMBY and 'sense of character' are the major issues that prevent this, along with the perverse incentive of existing residents to prefer the rising 'value' of their house due to artificial market scarcity.