I read an interesting article about why home prices are rising but also not. They studied home prices on a per sq foot basis, and today's homes are essentially the same as they were in the post war boom in the 50's They contend that municipalities started restrictive zoning to actually PREVENT small, affordable, single family home construction, in favor of ever larger McMansions, primarily as a source of tax revenue. And that that, more than anything has priced homes, in a lot of areas, out of the budget of a lot of folks. Just thought that was interesting. I hadn't thought of that, but it makes sense.
I'm not wondering if it's not a good idea for the government to formulate a plan to provide low-interest building loans, rather than what they're doing now, underwriting mortgages on existing homes for qualifying folks, with the aim of building, as I said, reasonable single family houses. They might have to apply some pressure/provide incentives to get local municipalities to cooperate re: zoning though. It would not only help home prices, but also create countless construction jobs.