Just to have a link to point to for David Van Der Klauw’s submission, complete with the parable of the frozen oranges.
It’s worth the read. It demolishes the vast majority of myths and excuses on why housing is expensive. And it reminds us of why there’s a market in things….which is to supply those things to people as efficiently as possible. So when you hear people blaming house prices on “the market” you can be reasonably confident that it’s not actually “the market”‘s fault…more likely there’s collusion and price fixing (even if that’s implicit and not explicit) between govt and the existing landowners and developers.