So all the young and poor cannot find a decently priced house because they don’t plan to rent. So they cannot grow their wealth, they cannot save and they ask for more housing. The politicians are some of the people with the five or ten houses. The politicians have friends with 5 or 10 houses, they are told by their friends and voters to not build houses for fear of house depreciation.
And thus we have the growing income inequality, because people have to live further and further from work, so they spend more and more money on gas to work, their paychecks don’t rise and they cannot build wealth, while the few with the five or ten and twenty houses, keep getting richer.
We don’t have a housing shortage, we have a landlord surplus.
America, you’re funny.