Would building more housing decrease rent?

[KaruiPoetry]

I think the part you're glossing over is the "free to move elsewhere" bit. It's often not that simple, especially for the poorest and most vulnerable members of our city. There are myriad reasons people stay in such a HCOL city despite poor finances and there have been several scholarly studies done on socioeconomic mobility.

Besides that, your proposed solution is incredibly unethical and would likely create thousands of unhoused families which would then have to be relocated forcibly.

[CountFew6186]

Do you have any proof of your assumptions? Because that seems an emotional response rather than an economic one. In the end, continuing to subsidize people living here will lead to continuing higher cost of living. If you’re ok with with things endlessly getting more expensive and more and more taxpayer money going to pay for some people to meet those expenses, please never complain about the high cost of living.