As expected you simply dismiss any argument that doesn't logically line up with your leftist worldview; empirical facts and truth be damned...
Here is are some points that economist Thomas Sowell made in his book, Economic Facts And Fallacies:
As one economic study pointed out: "The population of Las Vegas almost tripled between 1980 and 2000, but
the real median housing price did not change". However, the average price of houses in Palo Alto, California, nearly quadrupled in one decade without any increase in population at all. The difference is that severe building restrictions began in Palo Alto during that decade - the 1970's - but not in Las Vegas, where builders could simply construct new homes as the demand for housing increased. But not one new home was built in Palo Alto during the decade when its housing prices nearly quadrupled.
A similar pattern showing housing prices affected more by building restrictions than by increased demand for housing was shown in New York City, where "tens of thousands of new units were built in Manhattan during the 1950's whild prices remained flat." In later years, especially after severe building restrictions began in the 1970's, that all changed: "In spite of skyrocketing prices, the housing stock has grown by less then 10 percent since 1980" in Manhattan, according to an article in an economcs journal 25 years later. Moreover, the proportion of new housing units in buildings 20 stories tall and higher, which had been increasing in Manhattan from the beginning of the twentieth century until 1970, suddenly reversed and began a decades-long decline.
I wrote a paper this spring on the origins of the Community Reinvestment Act for an Urban Economics class I was taking. Here is a relevant excerpt that touches on this issue:
The
Demographia [International Housing Affordability] Survey points out that five of the six least affordable housing markets are in the United States. Those markets (including median multiples) are; Los Angeles, CA (11.5), Salinas, CA (10.9), San Francisco, CA (10.8), Honolulu, HI (10.3) and San Diego, CA (10.0). Of those five, four are from California. In fact, if you look at the table of least affordable housing markets in the survey, the United States shows up 16 times. All, but four of those markets from the United States are in California; the others being Honolulu, HI (10.3), West Palm Beach, FL (7.1), New York, NY-NJ,CT-PA (7.0) and Boston, MA-NH (6.1). However, of the top twenty most
affordable housing markets, the United States has fourteen.
...A
study by Randal O’Toole points out that in fact the housing prices in many of those “least affordable” areas were generally on par with the nation as a whole until the 1970’s . In that study, Mr. O’Toole confronts a few of the explanations for this disparity between most of the country and these “least affordable” places to live.
One possible explanation is that rising incomes could lead to rising home prices. However, O’Toole points out that places like Houston and Dallas actually had abnormally high increases in average income but house prices stayed at or below the national average. As O’Toole puts it:
Dallas has consistently maintained family incomes about 10 percent above the US average while it’s housing prices are generally lower than the US average
...Mr. O’Toole finds a statistically significant correlation between these “least affordable” areas and heavier housing restrictions, or “smart growth” policies. As he puts it:
In most cases, the decade in which housing markets became unaffordable closely follow the approval of state growth-management laws or restrictive local plans.
The fact is that "smart growth" policies and other government restrictions on housing, construction, land use, etc. that became in vogue during the 1970's are primarily what produced the differences in costs of living (at least in the housing market). These restrictions were (and are) at their worst in areas dominated by leftist politics, primarily at the local and state levels. In regulating, land use, housing, construction, etc., the government is handicapping supply and insuring that it cannot keep up with rising demand.
Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence
-John Adams