Oh brother. You have to have at least some perspective. The American median income is one of the highest in the world (top-3 or top-5 depending where you pull your numbers from) with some of the lowest taxes. You have a huge middle class that lives a very comfortable life. You have millions of people trying to immigrate to your country every year. You have very low unemployment rates. You have a highly diversified economy (from the best tech and financial sectors in the world, to mineral, oil and gas extraction). I get it, it's expensive to own property in California and New York and maybe it shouldn't be ... but you can't have everything!
Fair valid points. But to me I think a lot of the story is "hidden" in the actual value those dollar amounts hold, specifically in America. There's a common theme atm about people not being able to afford homes as an example.
There is a real problem with the cost of housing, but home ownership rates are about 66%, it's hardest on the minority that aren't in that group.
For a dystopian look at the housing market, just look at Canada or Australia. Inflation impacted just about every country. At least in America we have lots of land and diverse housing markets we can choose from.
The American dream is to have a captive consumer or to be a middle man that skims a cut while adding no value.