i really only started hearing about AI bubble this year. with the housing bubble, people were talking about it in 2005 and it took years for it to finally break. maybe AI bubble is the same
Where I live there aren't too many restrictions on housing, but a developer friend tells me he can barely make a profit at current prices because of 1) the cost of the land and 2) modern building codes make housing a lot more expensive. You can have cheaper houses if you're willing to give up things like the insulation that forces builders to use 2x6s instead of 2x4s for exterior framing.
That NIMBY stuff is mostly a problem for pricing if you want to live in a big city.
Yes, the price of housing is crazy. But so is the price of eggs.