Real estate is, unironically different this time. A key component in this run up vs the last is, last time rents did not increase nearly as much as home prices

Real estate is, unironically different this time. A key component in this run up vs the last is, last time rents did not increase nearly as much as home prices. In 2005-2006 I was paying $2200/mo to rent a house worth $1 million. And no, it wasn't rent controlled. That rent prices haven't massively dislocated from housing prices makes me think it's not the same situation.