housing unlike stonks are the most visible asset that is inflated through central bank monetary policy and government fiscal policy and corporate regulatory capture. so....being that housing is treated like a financial asset, housing is fucked. supply and demand does not find fair market value in a market that is heavily distorted, our fiat system is designed for one -> way asset appreciation. if assets declines significantly for a period of time you get a "liquidity crisis", i.e. inflation especially asset inflation is necessary in our debt based system.
United States