HOUSING PRICES<p>Every time I see a story about economic anxiety and dissatisfaction among people under 40, I want to etch "housing prices" on a hammer and beat people over the head with it. Housing prices are <i>the</i> economic problem in most of the developed world. The economic problem, singular. Everything else is at least okay, and some things are great, but housing prices negate it all.<p>Canada seems to have this disease worse than (most of) the US. Not sure why. It looks like utter madness, especially since Canada has a lot more land than the US per capita.<p><a href="https://worksinprogress.co/issue/the-housing-theory-of-everything/" rel="nofollow">https://worksinprogress.co/issue/the-housing-theory-of-every...</a><p>I think that article understates its case. Real estate prices are destroying civilization. So many other problems are downstream of real estate hyperinflation.