Housing costs

[dtkvictim]

As for the topic of developers pocketing the cash… if we can’t actually agree that reducing the cost of creating something won’t lower the price of it, then economics is dead.

That's quite a leap to make. Housing is a relatively inelastic good so reducing the price to match a reduction is cost might not result in a new equilibrium. I mean, are you suggesting highly elastic and competitive goods producers aren't perpetually looking for ways to cut costs to increase profits? How often do your favourite products decrease in price when worse, cheaper materials are used and labor is off-shored?