Someone else used the phrase “pain train,” that is sweet, I thought I made that up, maybe it is a more widely used term than I thought. Sorry this wen’t sideways into a divorce thread, there is just some merit to the reality that prices cannot stay at a level where even a single person earning twice the median is priced out. There are also many couples where one person does not work or earns very little. The amount of high income dual earner couples is not enough to keep the whole market propped up. We got in this mess because 60%+ of the population wants a house but half of those people needed wacky financing to do it. Remove the wacky financing and you have removed those buyers, Less buyers (less demand) and you have falling prices. It is a fixed asset that cannot be reduced, reducing inventory by builders only shifts the inventory to the existing stock. No matter what any realtor or economist tells you, supply and demand is a law, not a guideline, and that law is never violated for very long
