In my opinion, I think the housing crisis in the US is mostly down to the limitations of our legal constructs of property. Right now, you basically own your hou

In my opinion, I think the housing crisis in the US is mostly down to the limitations of our legal constructs of property. Right now, you basically own your house, including the land and its other rights, as a whole rather than as a condition of occupancy. In this way, it means that any house, especially in popular areas, are always a good bet and will rarely lose value. As the owners of housing continue to reap benefits beyond the scope of occupancy, everyone else is effectively paying interest to live. In my view, there needs to be a complete re-work of property norms surrounding housing but the chances of that happening is probably zero at this point in history.