Actually it's that we just don't let people build houses or claim unused land easily/cheaply, probably because crude oil supply and demand forced us to design population control into our society

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It's much simpler. If housing becomes a store of value for the rich, then they also have no interest of the supply growing and hence block it by all means possible.

Historically that was a regional thing, seems like the crude oil population boom is why it became inescapable