Lenders. 50+ years of principal explosion means you can borrow more so you can afford more, which means you repay even more. Homebuilders have to pay higher wa

Lenders. 50+ years of principal explosion means you can borrow more so you can afford more, which means you repay even more. Homebuilders have to pay higher wages, higher material costs, better materials too. I'm sure they're also making it work for them but the banks are pure profit, very little risk. It'd be silly to ignore the possibility they're the ones driving prices as they benefit most from higher loans.