I listened to an interview of Zillow CEO today. Housing prices are on fire, above the pre-recession peak of early 2000s, but it's not because of a bubble. It's

I listened to an interview of Zillow CEO today. Housing prices are on fire, above the pre-recession peak of early 2000s, but it's not because of a bubble. It's because of a housing shortage. The high-mid and high end of the market has been getting lots of new construction but the low end doesn't because lack of demand (less buyers esp with post recession lending practices) and because of high land prices. Also, rent is very high now and this prevents people from saving up for a down payment on a house. Have you ever asked yourself why there isn't a wall Mart or Starbucks of housing? Why are all houses not owned and rented out by a small group of wealthy entities? Just like every other market, it should trend toward consolidation right? Perhaps it just hasnt been given enough time. Anyway, I think we will see these high prices continue for a long time and demand for cheaper housing, combined with new sat internet, driverless cars and other things, will grow and eventually spill over into a massive flood of cheap housing outside city hotspots. Wework is massively overvalued, is engaging in borderline fraudulent bonds with high interest rates. Nobody wants their creepy day care centers or to live in their foxconn dorms and I predict that a good many of their bonds will go into default.