>It is easy to hand wave "more building supply", but that's a medium to long term solution.
YES! It's the long term solution which if it were implemented in a timely manner in the past, would have saved us today, but even though we are in a mess today, it's not being implemented even to this day due to bureaucracy, NIMBYism and various political issues which beat around the bush, instead of saying it straight: "Build more today so we can live easier tomorrow!"
>What do we do in the short term?
Also, build more. If you don't build in the short term, there will be no long term.
It is easy to hand wave "more building supply", but that's a medium to long term solution. What do we do in the short term?
Are we supposed to just allow landlords to hike people's rent anywhere between 10-40% year-over-year forcing them to be displaced?
There needs to be some middle ground.