With a 70% consumer driven economy and much dependent on housing purchases and new appliances, furniture, etc. The Fed and the administration wants to blow another housing bubble as over 64% of voting households are 'homeowners'.
We live in a political economy driven by politics and not sustainable economics.
Get over it and become a debt serf as Uncle Sam wants you to be a debt serf. Just because rents of single family homes are falling is no reason for you to continue to rent and be able to move to where the jobs are.
No! Uncle Sam wants you to buy a $600,000 house in California with RV parking so you can buy that RV to live in while you work in North Dakota where there are jobs but no housing.