Only 47k new houses in the last 8 years, that is why rents are high. Enough housing to match the inflow of people. California did it in the 50's. Texas cities are experiencing faster growth with no real rise in housing cost. 

People are moving here, the burdens place on the infrastructure are going to happen away. Also more houses means a larger tax base to pay for the new roads, utilities and new schools.
THe conservative solution is not "going back in time" it is accepting reality that new need more housing units to meet the demands for housing. It is the liberal solution that is in denial.