[etr-strike]

That’s a cute theory, but housing costs are much more related to the cost of money. When the federal reserve makes money cheap, asset prices increase. Since mortgage rates are at historic lows, people simply borrow as much as possible until their monthly payment is at some threshold. If you want housing prices to return to historic norms, you need to ask the Fed to first return the cost of money to normal.

[cjalmeida]

Not sure why you are being downvoted. The historically low fed rates and economy growth are the main drivers of increased house prices globally.

Buying a house has always been the preferred investment. When you make that easier, it's only natural prices will rise.

IMO, the only feasible way to minimize this trend is economic decentralization.