Comment by jackcosgrove

> To raise housing affordability, we have to lower prices, or at least get price increases consistently below the rate of inflation.

I'll pick door number two, Monty. Not because that's what I actually want, but because I'm pretty certain that's how it will play out.

Lowering nominal asset prices is almost as hard as lowering nominal wages. It only happens when policymakers screw up.

That's what inflation is for.