Mortgage rates 2 decade highs(not lows).
Mortgage rates in 1981 were 14% but the sq. ft. cost you paid for a home was drastically less than today.
If the government stops intervening in the market, the law of supply and demand should resolve many issues.
What is something worth? It's what the public is willing to pay for it. When half-million dollar homes stop selling, their price will come down and/or less expensive homes will be made available by an innovative builder/developer.
Thanks, I thought that was odd.