Sure, when the global property bubble pops. Until that time, I kind of hope it gets worse. Everyone needs to suffer together and the ills borne by the homeless and lower classes need to be experienced by all.<p>Housing is a good investment for a limited number of players. When EVERYONE wants to invest in housing / real estate / whatever, it quickly becomes a long-term very bad investment, sustained through momentum, the fact that moving away usually happens across generations, and that the law changes slowly.<p>Case in point, if you look over the last 40 years, housing is a great investment. If you also look from 1870 to 1914, 44 years, Europe looks like an extremely peaceful place. But that will change very quickly and violently soon enough, to the point that only a federal, workforce based intervention like the New Deal can help (not the “Fiscal New Deal” we had under Obama). When that happens, housing will be super cheap and jobs you just have to show up to to get hired, and the crisis will abate.