[pavon]

Furthermore, the housing supply is supposed to be responding to demand. Its failure to do so is a problem regardless of where that demand is coming from. It has been clear that we have had a growing housing shortage for decades, but it took a generation of population turnover and insanely unsustainable prices before political pressure grew to the point to change regulations and allow the housing market to be able to even begin to respond. Without the migrant population growth there is a very good chance we would have still allowed the problem to get just as bad before we finally responded, it just would have taken a bit longer.