That was NIMBYs. Worry about real economic constraints.

You live in one of the richest countries in the world and probably make 4x median income even for the US anyway. Move somewhere else if you want your money to go further.

Nope it’s from cheap money

It takes two: demand provided by cheap money, and supply capped by NIMBY zoning.

Neither alone is enough.

That's why with all this cheap money, computers are more expensive than ever!

Bad answer. “Your country isn’t your country anymore. It has been hollowed out and sold on the international market to the highest bidder, via intellectual property agreements that you cannot read, wars that you will physically participate in and fund but have no say in, foreign grift that you will fund, and one-sided participation agreements that only allow foreign parties to buy your parent’s assets as a way to evade their own corrupt governments. Give it up and leave.”

Is "international market" like "cosmopolitan Rothschild bankers"?

_We're_ the financial and IP rights imperialists! If anyone's buying any countries on international markets it's us.

How exactly would we be buying other countries with the annual $T trade deficit? No, you have the actual numbers reversed.

That's how the financial empire works. It's free stuff at the casino to keep them coming back.

Sure they take the USD we print for them, but then what are they going to do with it? Keep it in US bank accounts.

If we net sell equity, borrow, and debase our currency, this is not “financial empire.” This is the reverse of financial empire. There is no “free stuff” and no “keep them coming back.” We are simultaneously depleting equity through IP, physical capacity and capabilities, and direct sales.

Equity, currency, that's all stuff we made up. Accepting them as real means using our courts and banking system.

I'd much rather pay more for a home than to have my bank account magically go up in smoke for no reason of my own.

> no reason of my own

Other than giving your 97% uninsured money to a place without checking its financial situation and pretending you're not just another creditor.

Unless you have more than 250 k, that was never really a possibility

Lack of government action on housing destroyed the housing market much more than the fed.

Voters in your area who block(ed) all new construction destroyed the housing market. Your blame is misplaced.

House prices are up quite a bit in areas that are rapidly building

That's reverse causation. Proper question is how much they were building the last three decades, and if it's outrunning new household formation* now.

There are places with cheap housing in the US, generally not in the good jobs areas but if you're retiring that's not so much a problem.

* that's when people move out of their parents' house or decide to not have roommates anymore

Well it's voters across the US, especially in urban areas with booming economies. Some places are trying to construct housing but can't cope with the influx of new homebuyers. Since there are no internal immigration restrictions, we have a national housing market with only partial local differentiation.