Conversation

Neither side will make housing affordable, at least not on purpose. To do that you need the price of houses to drop by around 80%. Yeah, current homeowners will get rekt, but they weren't complaining when they were getting magical "appreciation" money and getting free inflation money in the form of their mortgage. House prices will come down when mortgage rates stay high, like 10%+, for several years at least. Artificially low rates are what caused the housing price inflation in the first place.