Earlier quoted context omitted.
I mean, yeah clearly? Your own source for what is nearly the worst case in the world is ongoing investment of “US$200 per capita and year”. Look at how much the home values have increased! Do you really think that’s not trivially extractable from property taxes?? That’s IF it’s as bad as building megacities in the middle of literal deserts which obviously a place like Bozeman is NOT. You’re throwing your hands up exa…
Over the course of 10 or 20 years, you can build out the infrastructure to support the previous boom (well, it’s harder in Montana since they are more anti-tax). But in the course of 1 or 2 years? And if that boom turns into a bust before you can get the infrastructure projects going? Urban planning is useful for a reason. Building housing is far from effective on its own, and not all areas can support the same densi…
Your statement boils down to "supply can never outstrip demand" which is trivially falsifiable in its own right. No matter how livable a city becomes, at some point, you can have built more than the housing demanded by people. There are a finite number of humans and the proportion of them who both CAN and WANT to live in these cities is almost certainly manageable.
But don't take my word for it, look at the actuality of Tokyo (which for multiple reasons has a far more difficult challenge than Bozeman or any of these other mountain towns): https://marketurbanismreport.com/blog/tokyos-affordable-hous...