Isn't the vast majority of the true problems caused by not enough supply of all KINDS of NEW housing being built to accompany both massive population growth (including immigrants in some areas), massive wealth increase among the global rich (who can now own multiple empty properties in marquee cities), landlords eating up more of your income AND in the US case government rules and regulations creating a predatory medical system that consumes over 18 percent of GDP.
In the 70s a blue collar worker could buy a house and look after their family. Now we have massive asset price inflation due to low interest rates and not enough growth in housing assets. This can lead to future social unrest on a massive scale (not just occasional riots/protests).
In the 70s a blue collar worker could buy a house and look after their family. Now we have massive asset price inflation due to low interest rates and not enough growth in housing assets. This can lead to future social unrest on a massive scale (not just occasional riots/protests).