> If DINKs can't afford it, what does that tell you about the direction housing prices will go?

The ones with capital will buy them, and you will be renting.

Clearly not since housing prices are falling due to affordability.

And if you look at the capital buying up houses, it's a tiny fraction of all available housing out there.

The correct answer is - just like when housing prices went up with low interest rates, they'll go down with high interest rates.

Housing prices are not falling.

Yes they are.

Seems like a pretty risky investment. Especially as fewer and fewer people will have anything to gain from the NIMBY policies artificially increasing prices.

The market (and NIMBY regs) can stay irrational longer than you can stay housed.

Historically speaking, investing in property/land has never turned out risky. Initial cost has little significance in total profit calculation as long as you can seek rent indefinitely.

> If DINKs can't afford it, what does that tell you about the direction housing prices will go?

Elites and wealthy boomers will keep soaking up resources, then prices may become volatile in a southward direction.

In the meantime, the current generation is frozen in place, unable to progress in a rigged game.