in theory, yes. But in practice, having a small number of corporations owning a large percentage of the housing has done nothing but push rent higher, not lower.

Not to mention, single family home prices didn't start to skyrocket until corporations started buying those up as well.

Until there are measures taken to prevent monopolistic control of housing, things will get worse. Since this is a country that has put healthcare and food into the Profits over People category, I don't see housing fairing any better. But it is pure fantasy to think all the apartments being built will contribute affordable living. They are just the last step in the complete corporate takeover of the daily necessities of life.