What a ridiculous comment.  If you can give me the price level of 30 years ago, sure, I will buy another house!  I would love it if my kids could soon buy at the price to rent ratio of 1987.  But the fact is that prices are far higher now, measured by any normal metric (price/income, price vs. rent, and price vs. its own long-term trend).  Are you seriously claiming that they will go from 8 x income to 20???