Summary: The author refutes common claims that housing prices are artificially inflated by builders limiting construction, pointing to historical data showing flat housing prices before credit booms. The article discusses the impact of filtering on housing affordability, arguing against the existence of a housing shortage and highlighting the role of land inflation in driving up costs. The author criticizes various perspectives on housing supply issues and emphasizes the need for more residential investment to address the housing shortage and reduce housing poverty. The article concludes by advocating for building more luxury housing to improve housing options for all income levels.

Source: https://kevinerdmann.substack.com/p/supply-has-to-be-disastrously-low

Read more at Investing.com: Supply Has to Be Ridiculously Low to Create Our Peculiar Affordability Problem.