It’s really not that hard, nor does it take statistical evidence to prove. It’s basic econ 101. Demand increases with an increase in population. Duh. Supply is slow to respond because it takes time to build houses. Duh. Increased regulations make it more difficult to increase supply, and therefore, more costly to increase it. Duh.
It’s also the production possibilities curve. There is only so much stuff in a nation to produce goods or services. It’s guns or butter. Sandwiches or pizza. When less people work in a nation, there is less produced, and less that goes around.
Flipping flood a nation with 30 million people, many of whom aren’t working, and there is less stuff to go around. Add in a retiring population of baby boomers, and an unproductive millennial and gen z work force, less stuff is produced.
High school seniors [should] learn it. Mediocre college students due. Why is it that somehow these harvard morons don’t know?
*do. I got so peeved I forgot to spell check!
The Harvard Morons are controlled by the Harvard Alums that run Wall St and DC.
Det Carter, aka Chris Tucker, solves the riddle in under 60 seconds.
https://m.youtube.com/watch?v=7gp9QE3prHs
Prices are sky high because supply is low, because Wall St cornered the market and are forcing people to rent. Force them to liquidate, supply grows, prices come down.
Now, toss in 10s of millions, bills paid by us, competing with places to live.