Look to the stagnancy of the UK to see where the US could be in a few more decades. They have the same high prices for housing, but far far lower wages. When the powerful political class (homeowners) has all their wealth tied up in their homes, they see little wrong with such broken basic arrangements, because it doesn't hurt them and they see their number going up for wealth. Canada and Australia have similarly destructive housing policies and outcomes.
And since the self-immolation of Brexit, they have far worsened their financial future. Similar politics of self-destruction masked as the appearance of strength are gaining a loooot of ground in the US as well.
And since the self-immolation of Brexit, they have far worsened their financial future. Similar politics of self-destruction masked as the appearance of strength are gaining a loooot of ground in the US as well.