You’re arguing against a straw man - the real criticism is that building new luxury housing is a horribly cost-inefficient way of reducing housing prices compared to things like social housing. Love your work Mike, but you’re just wrong about this YIMBY stuff.
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The limiting factor in subsidized housing is the subsidies. There’s a limited pool of money, so there’s limits to what we can build.
The unsubsidized ones we can build a lot more of, and should. These are usually financed by bank construction loans, not local housing authorities.