Hi Jarl,

Thanks for the very thoughtful response. No doubt banks, who finance real estate transactions have an interest in prices increasing.

However, at the end of the day our families are smaller than ever and our houses are bigger than ever. People could (and probably should) choose to live in smaller houses.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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