Short answer: banks infinite money creation glitch (credit creation) inflated the prices of everything, but especially houses because it’s seen as a safe invest

Short answer: banks infinite money creation glitch (credit creation) inflated the prices of everything, but especially houses because it’s seen as a safe investment. Solving the housing market is pretty simply: make it a depreciated asset, never an investment one, or better, end banks credit creation aka money creation out of thin air. Any other solution will never fix the issue.