65.8% of Americans live in their own home. That's a higher percentage than the UK, France, or Germany. We aren't talking about there not being homes, it's that

65.8% of Americans live in their own home. That's a higher percentage than the UK, France, or Germany. We aren't talking about there not being homes, it's that the youngest aren't able to. It's also a higher percentage of ownership than the US in 1940,1950,1960,1970, not 1980, but also higher than 1990. What it isn't higher than is the peaks of home ownerships hit during the low the low interest rate booms before the recessions of the '80s and 2000's. I don't think the current housing crunch will be forever - we've seen shortages like this several times before in US history. While some cities are fighting new housing furiously, other's aren't. Over time, the population migration to the places that are building will continue as it has over the last decade. Building houses is a boom and bust phenomena, and I've seen nothing to say that it's never coming back.