There are housing bubbles pretty much everywhere right now. By my own definition, any home that requires a 30-year mortgage and a two-income household to afford

There are housing bubbles pretty much everywhere right now. By my own definition, any home that requires a 30-year mortgage and a two-income household to afford is overpriced. The availability of this type of credit is detrimental to society and should be prohibited on equitable grounds (this needs to be combined with prohibitions on investment into housing by non-occupiers and non-citizens), but it's too late to prohibit the practice because the real estate ponzi would collapse and send us all back into recessions.