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I think that perhaps the most ironic part of all of this is the price of housing. Since houses are relatively cheap compared to what they actually sell for, most of what you are paying for is artificial (land value and profit margins, mostly). This artificial cost is caused by the demand and willingness of people to pay high prices because of the perceived value of simply owning a home.
...Basically, if we all went to cheap housing (house sharing, co-opted apartments, etc.), the price would plummet...this is of course neglecting the feedback affect of low prices spurning sales...
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