>The avg American is completely priced out of owning a home right now.

But this is always the case... ~20 years ago when I bought my first home, interest rates were close to 8%, it took a big chunk of my income, and we had to move way out to the sticks in order to afford anything. People are always having to make compromises if they want to buy a home, save for retirement, start a business, have kids, and all the other high-risk things that people want to do in order to seek a better life. Yes house prices are higher today than they were 20 years ago -- and incomes aren't necessarily better -- but if someone absolutely wants to buy a home, there will be options and tradeoffs.