In a way we are. If you take the satisfaction survey among Americans, while overall life satisfaction numbers today are mediocre (about average or even slightly

In a way we are. If you take the satisfaction survey among Americans, while overall life satisfaction numbers today are mediocre (about average or even slightly below average from 1980), among particular categories, satisfaction with housing situation is among the highest ever, much higher than satisfaction with income, family life, health, etc. Which means, because U.S. is a democratic country, it will be incredibly difficult to build any new housing as most voters are satisfied with theirs so for them, getting more housing is a lot less important than getting more equity on existing - and precondition for that is limiting new supply. https://news.gallup.com/poll/470888/americans-largely-satisfied-personal-life.aspx https://news.gallup.com/poll/470888/americans-largely-satisf... On the flip side, it probably suggests that perception of housing problem in the U.S. is mostly because of, just as with many other things, a small but very vocal minority for who it's indeed the case. It doesn't shake the economy nearly as much as it seems to be shaking public perception.