I completely agree with the sentiment to build more, much more housing. But, in order to make that happen, we also need to:
- get rid of or modify zoning laws (at least in places where growth will happen)
- reduce regulations on builders
- ensure that there are plenty of builders for health competition (so that consumers don't get ripped off)
- provide protections for builders from Sue happy NIMBYs (some kind of legal protection that prevents builders from being sued and penalizes NIMBYs that try to stand in their way).
The benefits of building more are so numerous:
- every house that gets built reduces costs for everyone else as well, as the stress of under supply lessens
- it's easier for people to get to work and find work
- easier for companies to higher people
- more jobs getting created, not just from people able to get to work but new jobs getting created from all that construction
- It'll help the environment immensly! Everyday, I see the 580 - 5 lane highway clogged up with cars crawling by at 10mpg, probably getting very low MPG over a very long distance (this is where most of the CO2 pollution is coming from, at least in the US!)
- over the long term even people with houses already will pay lower property taxes (decreasing values reduce prop taxes)
- as the number of average miles driven per commute comes down, there will be less and less traffic.