Earlier quoted context omitted.
And as with so many modern issues, the housing problem was largely created by Thatcher - her Right to Buy policy.
Right to Buy does not explain why the same trend is visible all over the Anglosphere, from Dublin, Ireland, to Wellington, New Zealand, to Sydney, Australia, to Vancouver, Canada. The people don’t want housing built near them and the politicians listened. Lower supply than demand for decades leads to steadily rising prices. If you want to see the alternative look to Tokyo, Austin or Seattle. Build so much housing tha…
I'm just repeating stuff I've heard. A lot of it feels like unintended consequences.
The NIMBYism part seems pretty clear.
If others have ideas, sources, rebuttals, please share.