Earlier quoted context omitted.
> Excessive regulation is 90% of it. Housing crisis is observed in almost all what is called "first world" (europe, japan, usa). I believe that 90% of the issue is more global than a regulation.
The global issue is that elected representatives are becoming weaker. The idea that a city hall would need to organize some sort of public meeting before approving a construction project is a fairly new one. The city council is elected to represent the people. If they need "community input" why are they even here? (Nevermind the obvious problem with such participatory process - sane and normal people can't participat…
That is, I'm claiming that government can't scale to the levels that the 20th Century escalated it to, with any degree of efficiency at all.