The reality is this. The housing market crashed because a house is built so that people can live in it. Not so that real estate tycoons can buy and sell them like stocks and bonds pushing their ‘value’ into the stratosphere. A home is a tangible structure which at one time was priced according to what working people could afford. It was. Until, like everything else in our society, they became merely another pawn in the profit game, and all the humanity was squeezed mercilessly out of the house.
They stopped being homes, and started being ‘the housing market.’