Quoteinstead of keep building single family McMansions.
The free market runs on greed not need. McMansions put the most dollars in a builders pocket. People will generally not do anything without an incentive and the incentive to build housing that meets social needs is not there.
Unless welfare for the rich is involved the current administration will not help. The DNC evolved to help people above my income demographic. I am on the low end of the constituency that benefits from DNC policies. Republicans attract the dirt poor and the ultra rich. In other words the stupid and the stupid. Skipping me altogether.
My analysis may be off, but claiming neither political party supports most of society is not wrong. We only have two parties that matter. The Overton window moved. Power to the people is passé. Our parties support the rich or the ultra-rich. If you are neither, you support one of these parties because you don't like to think. And you do what you are told. And you are stupid.
Seriously if you are pissed at being called stupid because you are a Republican or a Democrat I have to say: Waiting until homelessness is in the millions, and houses cost five times what they would in an affordable society is fucking stupid.
A society that a working man or woman can live in is an affordable society. The only kind that is just. And people are just starting to care about this now?
Power to the people did not happen. Nobody ever paid off the mortgage and just lived. Nobody meaning in a collective sense. I am an exception. Consequently housing inflated in a capitalist useless eater bubble. Maybe the biggest of all time in America. And here we are. Sodom and Gomorrah. This is what happens when everyone seeks unearned riches.
Tulip mania was 'bigger' but you don't need tulips to live. They can be eaten or looked at, and that is all.
Housing is different. People need housing and houses cost at least five times what they would cost to be affordable where I live. This one sold three days ago. I would bet $100 the new residents will be from mainland China. <- Seriously, in a heartbeat.
This is how conventional DNC wisdom fights global heating. Move rich people around the world. Somehow this stimulates the economy. Or maybe it just moves rich people around the world?

I don't generally care where I get an image that supports what I write, but this time it is appropriate I do. https://www.bloomberg.com/news/articles/2018-07-31/are-house-prices-falling-from-sydney-to-new-york
The article is old (and wrong), but it had the picture I wanted.
