A Reality on Check on Housing Affordability

Nobel Prize winning economist Robert Shiller notes:

http://www.nytimes.com/2016/06/12/upshot/the-overinflated-fear-of-being-priced-out-of-housing.html

“Rising home prices set off fears that real estate will become even more expensive, making it impossible ever to buy a home in a given city. It’s easy to understand how such worries spread, but the historical record suggests that these fears are generally exaggerated.”

Related:

http://vivekjayakumar.blogspot.com/2016/06/nimby-to-yimby-sfs-housing-crisis.html

Update -

Silicon Valley struggles with exorbitant rent

http://www.nytimes.com/2016/06/12/technology/in-silicon-valley-suburbs-calls-to-limit-the-soaring-rents.html