Housing is a necessity. It shouldn’t outpace changes in the price of milk or gasoline. That it does should scare the hell out of us. The fact is we have pain

Housing is a necessity. It shouldn’t outpace changes in the price of milk or gasoline. That it does should scare the hell out of us. The fact is we have painted ourselves into a corner by propping up insane housing valuations. I’m not sure what to even do about it at this point. Houses cost an order of magnitude more than they should but any correction will destroy the middle class.