[aristophenes]

Why would you criticize a remark for being unfounded, by making another unfounded remark?

But here is some recent proof that the actual current rental market in the US is an example of what I was saying: https://www.bloomberg.com/news/articles/2018-09-07/boom-to-b...

I do agree that there are inefficiencies in the market that mean high building prices don’t always lead to more buildings being built. But the cause is certainly not because there is too much indiscriminate foreign capital available. That’s like telling me candy bar makers stopped making candy bars because they were selling for too high of a price. Local building restrictions, permitting, high labor and material prices have huge impacts on whether a growing city will be able to build enough housing to keep rents low. All it takes for rents to keep growing is one more family moving to the city than new units have been built. In cities with increasing rents, has the population recently been growing or shrinking?

[SideburnsOfDoom]

I live in London UK, and here the idea that "high rents leads inevitably to a noticeably increased supply of more affordable apartments" is generally taken by the evidence of your eyes and wallet as so trivially false that it is not something that needs any additional evidence; it can an should be be dismissed with an unfounded statement. It is obviously not what happens.