I feel like my own house here in the US is overvalued by roughly 4x. There's no way a glorified wooden box is worth $2M, especially considering I bought it at o

I feel like my own house here in the US is overvalued by roughly 4x. There's no way a glorified wooden box is worth $2M, especially considering I bought it at one third the price. And the way things are going, it'll probably tack on another million by the time I sell it next year after moving to a state with better climate and less onerous taxation. I bought my first house when I was in my mid-30s. I don't think I'd be able to do so with the price/income ratio as it exists today. Which, if you think about it, is a gaping, self-inflicted wound on society, and a completely unnecessary one. It's not like the US (or Canada) are lacking for land or building materials. It's the politicians getting in the way again.