> "This has led to is a glut of high quality housing at very low prices." Yes, but this (obviously) doesn't mean this housing is more affordable. It's not. Sur

> "This has led to is a glut of high quality housing at very low prices." Yes, but this (obviously) doesn't mean this housing is more affordable. It's not. Sure the razor is less but the blades (i.e., taxes) count as well. Both come out of the same pocket, so to speak. Housing prices are a function of affordability, and that is the collective sum of all associated payments, not just mortgage. So while we're on the topic, this is why the "college loan debt means more people can't afford to buy" logic (?) doesn't work. Eliminate that debt and prices will go up. Why? Simple! Because the market can bear higher prices. Roughly the same can be said for raising the minimum wage. Eventually, housing will eat that up as well. It just takes longer because leases are one-year cycles (and perhaps other local rent-increase limits). What we need is more supply. The only way to truly lower prices is to increase supply. Anything else is smoke & mirrors.