Housing prices were unreasonably low, people realized it, and now we ran out of housing inventory in the very desirable parts of the country. Still plenty of ho

Housing prices were unreasonably low, people realized it, and now we ran out of housing inventory in the very desirable parts of the country. Still plenty of housing in other areas. Manhattan used to be very cheap, but it hasn't been that way for at least 30 years. Too many people want to live there now. Basic economic rules of supply and demand dictate the prices. The only solution is to not play the game. You want a house, buy it where you can afford. There's no magic fairy that will sell you a standalone house in Manhatten on a cashier's salary.