So the message is that there is no problem with housing prices, people only complain on housing prices because houses look very pricey compared to 'stuff', which is now absurdly cheap indeed. Houses are cheaper than in the 1950s and 1960s and comparing to 1970s and 1980s one should remember the crazy mortgage rates then. So the 'good old days that are lost forever' is in essence, only the possibility to make an (as advertised) guaranteed quick buck on quickly appreciating housing in 2000s. We all know how it ended.