[qu4ku]

Yes you can, and it is pretty easy. Build.

Every single, new building puts downward pressure on the average price. The moment supply outstrips demand, prices goes down, housing market stops being reasonable asset, money outflows causing further collapse of the market and houses are dirt cheap.

[jbay808]

I think that evidence from China's real estate bubble suggests that no matter how much of a supply excess you build, it might not bring down prices as long as the macro environment favours real estate as an investment, because demand for perceived-as-safe and fast-appreciating investments is nearly infinite. (The excess supply can probably make the eventual bubble pop more dramatic, though, but it seems like it won't be triggered simply by a supply excess).

At the very least, a supply-solution proponent would need to explain how China's property supply glut didn't bring prices down until the government cracked down on credit.