You're right in thinking that it's not a simple solution of simply adding density.
More supply is good, but care needs to be taken that it's the right sort of supply and regulations are in place. Without care, more density may simply juice speculation. Both Vancouver and Seattle create lots of new residential buildings, but only Seattle is seeing significant increases in vacancy.
YIMBY activists are on the right track, but they need to ensure they focus on increasing vacancy, not just increasing building construction.
More supply is good, but care needs to be taken that it's the right sort of supply and regulations are in place. Without care, more density may simply juice speculation. Both Vancouver and Seattle create lots of new residential buildings, but only Seattle is seeing significant increases in vacancy.
YIMBY activists are on the right track, but they need to ensure they focus on increasing vacancy, not just increasing building construction.