>I recall housing prices being mostly reasonable 15-20 years ago
And bitcoin was a fraction of a dollar just 10 years ago. Unfortunately, we don't have a time machine and the housing prices of today have far outpaced the earning increases that the working class saw in that time.
15-20 years ago, housing was seen mostly as a place you'd buy to live yourself, not an investment vehicle you'd buy to get grand returns from. That's the difference.
Our opinions on the cause aside, we had reasonably priced housing before, we can have it again, without fundamentally changing the way our cities are built (that's not to discount any other reasons to do so).
