Earlier quoted context omitted.
No, the difficulty of increasing supply has directly led to increased home prices.
Theres no supply because investors are hoarding them. Blackrock is buying out entire neighborhoods and thats really the tip of the iceberg compared to airbnb listings.
I've seen this black rock conspiracy posted elsewhere, and while it makes for a compelling dystopian narrative that large corporations are secretly buying all our homes to lease back to us, the reality is just not true.
People are leaving expensive urban housing in droves and competing for what seem like relatively cheap houses to them, so they are comfortable bidding wildly (I know many, many real people in this situation). I'm sure Black Rock wants in on the action, but until that rate falls dramatically lower, I'm not particularly convinced that that's what's happening.