My AEI colleague James Pethokoukis offers two ideas, and quotes from one of my columns.

Pethokoukis:

Those sky-high housing prices are the result of regulatory and zoning policies that discourage new building. Such restrictions on development should be loosened. But don’t forget about the infrastructure bit.

— Michael R. Strain is a resident scholar and economist at the American Enterprise Institute. You can follow him on Twitter at twitter.com/MichaelRStrain.