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Housing is used as an investment asset and a source of income rather than a home.

If you took all the investors out of the housing market, housing should cost just the price of construction.

And a lot of government policy is based on getting people to buy a home, attaching a lot of net worth to its value. Then, surprise! People vote in a way that keeps up housing costs!

In the more expensive areas you are actually paying more for the land than the house.

$500k properties are torn down to build new homes.

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