Home Prices Are Insane and Why I Want Them To Collapse

Home values have skyrocketed to levels that are deeply concerning. While some continue to speculate about the possibility of a housing market bubble, it’s more realistic to anticipate a market correction rather than a dramatic collapse. As much as I might personally hope for prices to crash to more affordable levels, the reality is that a full-scale collapse is unlikely under current conditions.

For people my age and younger, the cost of purchasing a home is almost entirely out of reach. Millennials, Gen Z, and the upcoming Gen Alpha are often discussed as future homebuyers facing obstacles—but it's much worse than expected. What we’re seeing now is not just a tough market; it’s a locked door. The combination of overwhelming demand from new buyers, increased immigration, and large corporations snapping up single-family homes is tightening the supply and distorting the market in favor of profit over people.

Wages haven't kept pace with the rise in property values, and mortgage rates—while not historically high—are still enough to dissuade first-time buyers from even trying. Renting isn't much better, with prices often rivaling or exceeding mortgage payments. The American dream of home ownership is quietly slipping out of reach for an entire generation, and it’s hard not to feel like the system is rigged to keep it that way.

The housing market isn't just inconvenient—it’s becoming actively exclusionary. Until there’s meaningful change in policy, regulation, or economic priorities, many of us are stuck watching from the sidelines as housing becomes less of a right and more of a luxury and that's why I want housing values to collapse.