>> It'll make housing even more expensive in 10 years as builders will be decimated like in 2008, we won't build housing for half a decade This is already happ

>> It'll make housing even more expensive in 10 years as builders will be decimated like in 2008, we won't build housing for half a decade This is already happening in the Midwest. Builders have stalled or trying to wait out this supply side shortage - the prices of all building materials have skyrocketed because of it and just in an adjacent neighborhood where they had torn down three houses, the lots are all vacant now and for sale. Builders who had planned to build huge mansions all pulled out and are now just selling the lots. This has also had a ripple effect on down the amount of houses up for sale. My wife and I decided not to move and have remodeled our entire main floor and are now working on the bathrooms. We're staying put. I heard on a weekend real estate show they were saying two months ago, that out of the 15,000 houses/condo's/townhomes available, when you start to filter out townhomes and condos, then take out all the million dollar and above houses? You're left with less than 200 single and multi-family homes on the market. An absolute staggering number. A lot of people on both sides are trying to wait this out. But like you said, its going to have some serious long-term consequences for everybody.