Because every regular citizen who owns their house or appartment will lose half their wealth or more when the housing market goes down.
Which is of no consequence when you’re living in it.
The limiting factor is not construction crews but plots and approvals.
[citation needed]. There’s plenty of land left and right, it’s almost trivial to re-designate agricultural land as residental, but who the fuck is going to build all the streets, tram line, all the houses. A stroke of a pen on the one side, actual training and logistics on the other.
The problem is that the market is supposed to stay high.
It’s not. Unless you’re someone with multiple properties trying to profit off it, then you want it to raise. Otherwise, everyone benefits from low prices.
Which is of no consequence when you’re living in it.
[citation needed]. There’s plenty of land left and right, it’s almost trivial to re-designate agricultural land as residental, but who the fuck is going to build all the streets, tram line, all the houses. A stroke of a pen on the one side, actual training and logistics on the other.
It’s not. Unless you’re someone with multiple properties trying to profit off it, then you want it to raise. Otherwise, everyone benefits from low prices.