[quotemstr]

If housing prices are too high, it's because there are too many dollars chasing too few houses. Fix one or the other. The easiest and most humane option is to just let people build more housing and stop with the stasis-producing process you see in places like San Francisco

[munificent]

Housing prices are not too high. They are too high in some places.

So what you're really seeing is that physical infrastructure cannot keep up with the massive change in the US from a manufacturing and agricultural economy to a service and information economy.