This is a difficult conversation to have, and not unintentionally so. I hope I come across as respectful and unpatronizing as possible (and apologize since I probably don't.)
While we have intelligent people discussing pie-in-the-sky solutions, barely-related tangential issues, and even misdirected injection attacks, the causes of the housing crisis are not only well-known to (honest) economists [1], but can be verified by looking at the market pre- and post-1970.
It's hard enough to tune in to the correct analysis in the cacophony. When once in a blue moon it comes from the bully pulpit [2], it still gets shot down in a sea of misdirection.
Houston's market is still "normal." It was normal before 1970 and has been normal since. Price spikes are also normal and intended. Over time, S&D will respond and bring them back in line.
The solution is indeed build build build. The reason it didn't happen automatically in the first place is disingenuous land use laws like suppressive zoning.
While we have intelligent people discussing pie-in-the-sky solutions, barely-related tangential issues, and even misdirected injection attacks, the causes of the housing crisis are not only well-known to (honest) economists [1], but can be verified by looking at the market pre- and post-1970.
It's hard enough to tune in to the correct analysis in the cacophony. When once in a blue moon it comes from the bully pulpit [2], it still gets shot down in a sea of misdirection.
[1] https://archive.nytimes.com/krugman.blogs.nytimes.com/2017/0...
[2] https://www.politico.com/story/2016/09/obama-takes-on-zoning...