U.S. house prices are rising exponentially faster than income
When you make housing an investment, by definition, it has to become less affordable in the future.<p>Until a country decides to stop making policy to support this notion that a basic need should be an appreciating asset and not a depreciating one like food, transportation, etc, this completely unsurprising trend will continue. It is a strange world we live in where we collectively believe that a basic need should increase in price over time.