The housing affordability crisis doesn’t happen by chance. It is the result of careful planning. Markets rarely create their own failure. It takes government for that. Only governments have the power to influence the market that much. That we have a crisis is proof that government policies are working! Think about it.
The government influences markets via subsidies, rules and taxes. You only have to think about government policies for a short time to realise what they have done. Think about tax and housing. Think about rules and housing supply. Think about policies affecting demand. Think about CGT and housing. Think about social security and housing. Did you do it? Then you have the answers.
The government has won. It has created a crisis, but it can’t go back. No political party ever won government telling people it would reduce the value of their homes!