Any many of the structural problems are made worse by the “home is your piggy bank” mentality.

If homes are an viewed as an investment, people are incentivized to push for policy that drives prices up faster than inflation. It leads to NIMBY laws, shortsighted assistance to the demand side of the equation (lower rates, special grants/loans), and a reluctance to sell when the market is down.

Home instead should be treated like cars. Big purchases but always a cost. Profit is to be made from production, maintenance, and management. Not from ownership alone.