The market can stay irrational longer than you can stay solvent, and in a world where every home is priced this way it’s not like you could go to an alternative housing market.
Truly upsetting that what was a joke is now my best plan: van, river.
Absolutely zero interest in sharing walls with people again... or participating in building the next Company City. Bidding against colleagues is enough to make the bosses laugh.
So, behave like a dragon. Hoard coins and, eventually/occasionally, fly. Maybe burn some stuff.
> I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
Only if the current insanity around zoning and regulation persists. In many real estate markets, it's literally illegal to increase the supply of housing; in others, price controls make it unappealing to invest in increasing the supply of housing.
I don't know what kind of toxicity is unique to the Anglophone world that exacerbates this problem, but at some point we just need to rip off the band-aid, tell existing homeowners to cry more, and just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country.
>just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country
You are right, but there is always a but :)
Seems right now the "good jobs" are only being create around a few mega cities. DC, NY, SF and a few others. DC stalled a bit I think due to DOGE. In a lot of those areas NIMBH is big. So if you build like crazy in many "fly over" states, where is is plenty of land, at best the builders will not make a profit. But probably the houses will stay empty.
As with everything else, politicians will not make the hard decisions due to fear.
I use to be against term-limits, but the last 25 years proved me wrong :(