Here it is in a nutshell.
Housing prices aren’t supposed to go up. They are supposed to go down like Electronics since building homes is cheaper with new technology.
The reason they go up mostly is because certain elements like Blackrock buy up tons of homes and offices and leave them empty. This way the inventory levels of homes are artificially reduced making available units more expensive since more people are competing for them.
However many in Real Estate have been saying the Housing bubble is about to blow which would greatly reduce home prices which is actually good for affordability. When people borrow tons of money from the bank, they end up paying 4x as much in 30 years. Better to pay less.
I am not sure why the inventory levels are rising. Is Blackrock opening them up to the public? I know Corporations have been struggling lately. Even Banks are complaining and Bankers own Blackrock basically.
Here’s some stuff I read on Pol today?
This makes no sense. Every aspect of building a house is getting more expensive. Land, labor, and materials are increasing in price, so that's reflected in housing costs.