That’s exactly the point many people don’t seem to get. Yes, zoning more land for construction or lowering building cost might help but the key issue is that housing has become a major asset for the rich and especially institutional investors globally. There’s just so much money out there in search of investment opportunities but unlike stocks or Bitcoin housing is a core human need. Coupled with increasing wealth inequality and stagnant wages this is a major problem. When crypto or Nasdaq celebrate new records that’s nice for investors but when the property market goes up and up many people can no longer afford rent.
Privat property investors are part of the problem whether they like it or not. Given these circumstances I find it hard to imagine a solution that doesn’t include massive state intervention in the housing market.
It must have come as a real shock to the Israelis to learn that someone in the state department knows what international law is.