How are you managing during the housing crisis?

Are you in a tech job? As long as you stay the course and pay attention to basic financial best practices you will get to a point where owning a house is a reality. Tech pays well and we’re not even close to the thresholds of struggle and poverty with even an average or below average tech salary.

You’re basically looking at peak market frenzy right now combined with a rush to buy before rates go up (even more) and an almost empty housing inventory because nobody wants to sell right now. Just wait and it will revert toward (although maybe not all the way to) the mean.

> I have the nauseating notion that I will forever be a working class serf without property, bound to a long life of labor within my country's borders.

I don’t know what material you’re reading, but I’d suggest re-evaluating some of the hyperbolic content that leads to make such claims.

>that home's value has now more than doubled, along with the rest of the homes across almost all locales

That home's price has more than doubled

It's value has only increased if you're willing to pay for it

Technicalities aside, house pricing has been going bonkers leading up to Covid, during lockdowns, and since easing because a lot of people have finally realized you do not need to be "near" work (for many jobs) - and those that you do need to be near to, often exist in lower cost-of-living regions...making those parts of the country look appealing to move to

There's also an increased desire for home ownership among some segments of society, and a relative lack of homes available (see, for example, https://fred.stlouisfed.org/series/ACTLISCOUUS)

Add a relative lack of building materials (and builders) vs demand for housing, and costs going into new construction are up, making the end product (ie the house) more expensive

Become a politically active YIMBY or stop complaining.