My first flip comment is "GenX grabbed the bottom rung of the property ladder and pulled it up with them." The going rent for the current place is $3k a month and it's a damn starter home in a not-great neighborhood. My less-flip comment is "property ownership is, historically and geographically speaking, an anomaly." That doesn't make it better; it means that the guys who grabbed the last rung are enshrining their economic superiority. My least-flip comment is "but it's all policy-driven." 2008 was about the financialization of home ownership; 2022-on is about the financialization of rentier home ownership. Rent controls, first-time homebuyer incentives, urbanization programs, there's several ways to bend the arc, it's just that this incoming administration won't do any of them. I'll say this. For everyone "waiting for something to break" the next four years are going to be a torture test in countless ways.