I think that's the correct approach, there's not a true supply issue, and there's only so much pre-empting of local issues you can do and not crater prices.
Keeping prices flat is already a good first step, we've chopped for a few years now already so wages can start to catch up.
Net-negative migration is also unlocking supply.
Also jawboning and flat prices will shake out a lot of speculative demand to unlock more supply, combine with boomers downsizing, existing supply can transfer.
I also suspect things like Florida are doing to gain more traction elsewhere, maybe with a federal nudge... really big homestead exemptions that let property taxes punish investment units but not single-families. Good for Bitcoin if this happens, better to hold coin than pay property taxes that are likely to go up on houses you don't live in.
I think that's the correct approach, there's not a true supply issue, and there's only so much pre-empting of local issues you can do and not crater prices.
Keeping prices flat is already a good first step, we've chopped for a few years now already so wages can start to catch up.
Net-negative migration is also unlocking supply.
Also jawboning and flat prices will shake out a lot of speculative demand to unlock more supply, combine with boomers downsizing, existing supply can transfer.
I also suspect things like Florida are doing to gain more traction elsewhere, maybe with a federal nudge... really big homestead exemptions that let property taxes punish investment units but not single-families. Good for Bitcoin if this happens, better to hold coin than pay property taxes that are likely to go up on houses you don't live in.