[dgs_sgd]

artificially inflated in the sense that if it wasn’t for government regulation that makes building difficult, then the normal market forces that incentivize builders to meet demand would result in costs lower than they are now.

[kazinator]

If you want to model the hypothetical non-artificial situation, you have to remove all relevant government-controlled knobs and levers.

That can't be the only one?

[jcadam]

Instead you have million dollar hovels surrounded by $20 tents.