Reducing the "housing crisis" to supply and demand ignores the driving factor in price rise: the finance that allows people to buy 10x their annual gross, and m

Reducing the "housing crisis" to supply and demand ignores the driving factor in price rise: the finance that allows people to buy 10x their annual gross, and more. If banks only leant 2x or 4x (like they used to) house prices would quickly depress. Except that would route the wealth from the middle class upwards, so it's unlikely to ever be allowed to happen.