Quote:
Originally Posted by powderjunkie
Why is the wrong inventory if it is in high demand (as evidenced by the high prices)?
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I guess it depends on what you view as the problem statement. I think most people view the problem statement as:
Housing is too expensive and the cost of housing is rising faster than wages to such a degree that new generations may never be able to buy a home.
If you keep the supply low then demand will always appear to be high because people will have to buy whatever is available and you will never solve the problem statement because prices will continue to escalate out of reach for average citizens.