Reply #5: Housing is still too expensive

[Politicalboi]

But the very same thing happened in the 80's. That pendulum swings from high to low and those that don't remember the past, well we all know how that goes.
Houses that were built in the 50's and 60's should never go for over 1/4 million. Those homes and older should be $100,000 at most. My dad sold real estate and I remember seeing some of his listings on a print out flyer for $29,000 in the late 70's. My brother bought a property in Lancaster Ca in 1996 which had 3 older homes on it and some land for $30,000. That same brother also bought a Condo in Simi Ca in 98 for $84,000 and sold it sometime in 2004 for $214,000