Yes, of course. The solution to the housing crisis is to just make more land in the middle of nowhere available for development so that the public has to pay for more extensions of electrical, water, sewage systems, and road networks for new land that produce absolutely nothing and make shitty neighbourhoods.

It's no surprise that the Greenbelt was influenced by the already rich. It was probably their idea as an easy way to get even richer, rather than actually make tangible improvements to the housing crisis, and instead redirect tax dollars into inflating their wallets.