When policymakers point fingers at investors rather than addressing systemic barriers, it can actually undermine housing supply reforms. By scapegoating the investment community, there's a risk of playing directly into the hands of those who oppose market-friendly permitting reforms—reforms that could genuinely unlock residential supply and ease housing constraints. The irony is that investor participation often catalyzes development. Without understanding this market dynamic, policy responses may end up worsening the very problems they aim to solve.