[spiznnx]

New homes are going to be built at market prices. The market prices are high, but the new homes will push them down.

A few years ago, $800k homes were consistently opposed on the basis that they aren't affordable to anyone, so not many were built. Now because so few were built, houses cost $1.6M.

Will we repeat the same mistake, and oppose $1.4M homes on the basis that they aren't affordable?

In 10 years we might be having the same discussion about $3M homes.