> I don't think that helps honestly. What would help IMO is a lot of new housing close to jobs where foreigners can't apply. Because no matter how much you build, if someone from overseas is going to say "I pay double of whatever you've been offered" I can't compete.

But if the law blocks "I pay double of whatever you've been offered" from happening (which is true today, they cannot increase the rent to whatever they want), then you'd have a chance to compete because the competition is no longer about who can pay the most.