Not worried about that.

The costs of heating and cooling a dwelling + the maintenance and upkeep are actually way in excess (1x - 2x) of the original house price adjusted for inflation. You get... dis-economies of scale the more you go up.

Housing markets are cyclical over long periods with nil capital gain.

Put the two together and you see a dismal end as entropy catches up. Not even to mention that this process shall accelerate if economic growth falters.

> Especially since the energy cost is small compared to the finance fees and property taxes paid.

Energy costs at first appear to be a small encroachment, but they really mount up over time in the most astounding way. I don't have a graph to hand but I remember being very impressed by it.

What is called THOWs or Tiny Houses on Wheels do not pay taxes or association fees. They are classified as vehicles and hence do not need to pay property taxes. They are also not very likely to encounter HOAs since complaints drive them away on their wheels to greener pastures. Sometimes they visit RV parks and pay those fees but those aren't very much.

> Eliminating zoning rules and "voluntary" homeowners associations and eliminating property taxes would help.

Of course! And I think such 'revolutions' will happen in time, because 'living like a normal American/European' will just become uneconomical.