I used to be very YIMBY. Build, build, build. But what I've come to understand is that this just isn't going to help. Do it anyway, but it's just not going to correct the problem of unaffordable housing.

The entire real estate industry and our government is designed to make housing prices go up over time. Voters are behind it because it gives the impression of increasing wealth but it's an illusion for most people. If the median price is $200k and you buy a house for $200k and the median price and your house goes up to $600k, you still only have one housing unit's worth of wealth and you need to live somewhere.

All increasing real estate prices does is enrich a tiny minority by stealing from the next generation. And the negative externalities are massive. Housing makes everything more expensive.

If you look at NYC, you can see that a lot of apartments get built but almost all of them are for the ultra-wealthy to park money. You aren't increasing the available housing.

In the 1990s the average house price in London was 70k pounds. Now it's over 700k. Are wages 10x? No, no they are not. The whole thing is a giant Ponzi scheme to keep people in debt so they're compliant little workers.