Real estate will never be "affordable" again.

Its over. We bought our house 3 years ago. Here's the "value" stats according to Zillow:

2019: $375K

2022: $530K

Today: $630K

These numbers don't make sense. The only people that really "won" in this situation is anyone who owned property before 2020, before the entire market went nuclear. Real estate is no longer about home ownership. That ship sailed. Where does this end? And before you say, the market will collapse, I'm not sure. Corporate ownership, NIMBYs, zoning laws, supply and demand, 90% of all current mortgages are with low interest rates (under 5.5%) means a lot of ppl in homes are sitting on equity and aren't going to foreclose anytime soon, this isn't 2008 with high interest ARMs, are all reasons I'm not counting on the crash. This is the new normal.