I’m a very strong subscriber to the housing theory of everything. To summarize: most of the malaise in developed economies especially among the young is due to

I’m a very strong subscriber to the housing theory of everything. To summarize: most of the malaise in developed economies especially among the young is due to housing prices. A lot of the other issues we face including inflation in other areas is downstream of housing prices since expensive housing drives wage inflation. That wage inflation doesn’t end up benefiting the worker much though because it’s all eaten by housing. This bids up housing even more in a vicious cycle. A lot of social problems are also downstream of housing: alarmingly low birth rates, depression to some degree, the decline of in person socialization due to the death of “third spaces” (too expensive), parents and grandparents becoming a burden on the young because they can’t afford to live, etc. Failure to build sufficient housing to meet demand is literally destroying civilization. You can see this most clearly in certain cities like SF that have this disease worst of all, but it’s a problem everywhere.