Yes, you are correct. The housing prices have been steadily climbing over the years, and that’s not because companies are getting worse and worse at building houses, and it hasn’t been because of rising material costs (the rises that currently are are all much shorter term and due to corona). Essentially every policy or local decision that could help to provide more affordable housing has also been a direct threat to the real estate investments of the politicians who have shut it down. It’s the biggest generational theft ever seen, where the older generation is deliberately denying the entering generations cheap access to zoning in order to inflate housing prices and extort as much money as humanly possible from the youth.