There's some truth in that, and I support the idea of shifting the tax burden from work to wealth. But I also think this is too simplistic. Remember that Gary was a financial trader, so he has a zero sum game perspective.
The UK had a decades long phase where they built a ton of affordable housing (council housing). This program was largely dismantled under Thatcher. Also over time, building regulations became more restrictive in the wrong ways, which makes supply more expensive.
Regulation plays a large role. But the right keyword is "reform". The right outcomes don't just happen magically if you deregulate.
There are places where housing got drastically increased in recent years, like in Paris under Hidalgo (7000 units/year).
The UK had a decades long phase where they built a ton of affordable housing (council housing). This program was largely dismantled under Thatcher. Also over time, building regulations became more restrictive in the wrong ways, which makes supply more expensive.
Regulation plays a large role. But the right keyword is "reform". The right outcomes don't just happen magically if you deregulate.
There are places where housing got drastically increased in recent years, like in Paris under Hidalgo (7000 units/year).