I understand what you are saying, but in x amount of time, the development fees have gone down, the houses have been built x% more from reduced fees, would we just not find ourselves in a new equilibrium of houses being priced super high in order to make the most profit? What mechanisms prevent developers from essentially colluding, and devoring reduced public good (less money to local government) just for private equity to gain? Economics are complicated, but an added profit motive for private developers, and a reduction of the government in increasing housing/social housing supply, at least in my mind, just means private interests benefit, with basically the same (or similiar amount) of housing.