will the high prices in housing ever end?

link:

https://www.youtube.com/watch?v=Tjj5GT8qiJs

summary:

♦ housing prices relative to inflation in a bubble similar to '05-08.

♦ current demand low due to rates, etc.

♦ current houses on market 650k

♦ avg houses on market 1.2 million, 2019

♦ comparison to ftx who took out loans against their inflated ftt shitcoin by constraining supply and keeping float low; people today likewise might be borrowing against inflated house price.

♦ any increase in supply of houses could drop the median home price.

factors for increases in supply / people selling:

♦ air bnb boomers getting more regulation in ny, texas, other jurisdictions making the business less lucrative.

♦ economic downturn data including employment etc. that might lead to people selling their homes.

not discussed would be the counter thesis on how long ((they)) could keep things inflated. large investors could print fake govt money, airbnb could make a backrooms deal with government to buy the properties which could slip out of their wringing hands. get some grant and house migrants there or something, which seems to be the play for large hotels in places like ny. maybe eventually prices regress back to the mean, but could be another 5 years.