So when is the market going to adapt and stop buying homes which are inefficient and unsustainable? I see no reason to buy a home which costs in property taxes, and in maintenance, and in utility bills, and it's not mobile?
Why not just buy stock? You might not get 13% a year but you can get 6%, but it's also more liquid and about the same risk. As far as the housing market goes, it's for sure in a bubble. Most houses aren't worth anywhere near what people are currently paying and with 3d printed houses coming it's going to be very clear soon.