[TeMPOraL]

Huh, I never thought about it this way. I'm not 100% convinced this is valid math, but I can't find any obvious fault with it. Thanks, I have something to think through.

EDIT: in the 50 years since 1970s the US economy wasn't still - technology made huge leaps across all industries, and lots of wealth has been created. One would think this would offset the population growth, but it seems that it didn't.

[Aerroon]

Yeah, but people aren't satisfied with just any land. They want the same land everybody else wants in the big cities. They want to be near the population center, but the land there was already relatively filled back then. The computation naturally pushes the prices up to levels that most cannot afford it.

This makes housing into a lucrative investment, which probably drives prices up even further. Nobody wants to see the value of their investment fall, so they fight against anything nearby that would decrease it (NIMBY).