I'm not sure that QE has much to do with the shortage. That was started and is maintained by local political forces that want to stop new housing nearby. And m

I'm not sure that QE has much to do with the shortage. That was started and is maintained by local political forces that want to stop new housing nearby. And most of those folks had paid off their mortgage or had it close to paid off, and have experienced so much appreciation that their purchase price is less than a current down payment.