House prices doubling in three years is not sustainable, and the rate hike was a kick in the teeth. I was financially able to buy a house with my salary last y

House prices doubling in three years is not sustainable, and the rate hike was a kick in the teeth. I was financially able to buy a house with my salary last year in my area (greater Portland), and now… I’d be lucky if I could buy a condo. This is bad. Cities are full of AirBnBs, suburbs are full of city workers, and everyone is getting edged out. The arbitrage of property is removing most of the necessary stability of having a home.