Sales of new homes tanked in May, pushing supply up to a 3-year high

[valleyrogue]

13. They have been overpriced for fifty years.

The real estate industry started jacking up the prices of houses in the mid-1970s, thanks to the influx of married women into the labor force. Two incomes, the industry reasoned, more profit by raising the prices.

The industry hadn't counted on stagnating wages and such, but, as long as there were two incomes to "buy" a house, that was okay.

Meanwhile, single adults for the most part cannot afford to break into the market-especially never-married women. Divorced and widowed women are often lumped in as "single" when news reports tout all the "single" women buying houses or qualifying to buy them. The great majority of women have to get married--trade sex with a man for financial support--in order to break into the market or else come into an inheritance.