that’s a mentality the boldly touts profit over someone else’s quality of life

Housing, through the warped incentives of the government has been changed from a vital necessity to a speculative asset. The problem is the system is rigged to make it always go up.

If the US imposed an imputed rental income tax and disincentivized people from treating homes as businesses housing prices would be more affordable.

The political implications of large swaths of the country unable to afford to live comfortable due to housing instability will come for the homeowners soon enough. Political instability. Populism. Donald Trump may win the election because of this and the long term implications of this could spell true disaster for the economy.

The biggest hope I have as a non homeowner— making six figures with 60k for a down payment yet unable to afford a home—is for inflation to remain sticky, and the Fed to jack up interest rates to trigger a recession that forces people like you out of jobs and thereby forces to sell you plump house. Eventually a recession will come and it will force people to sell.