“House prices are so inflated”
This is backwards. Housing prices aren’t “inflated”. There is a shortage of housing.
“There is a shortage of housing”
This is a fact. It was not until the last few years when we got up to 1.3 to 1.4 million starts when we were building enough homes(single & multifamily) to keep up with a population of 350 million people.
For ten years we under built.