Truth, but this trend is enforced by regulations. Here, at least, those in power just keep expanding the minimum everything required for permitting, as an alternative to doing anything to slow the fall in living standards (on the Left), and as a method to squeeze supply and jack prices further (on the Right).
I remember, many years ago, visiting a Korean friend in her tiny city apartment (that she LOVED - walk to work), and then going to a Party meeting - about how they were going to make such apartments illegal because human rights.
Not, you know, building a supply of capacious apartments that doctor's wives and retired bureaucrats would see as acceptable. No, modern Left doesn't do things like that!. Just using State power to forbid builders from constructing the kind of homes that many working people want and could afford.