When the economic system, particularly the housing market, makes it impossible for the youth to get ahead, it guarantees the rise of populism. Desperation leads them to vote for any promise of change, however destructive, such as socialist policies that ultimately collapse the economy.

The "London Consensus" posits that traditional economic policy fails by ignoring people's attachment to "place." Citizens are reluctant to relocate for jobs due to community ties, leading to left-behind regions. Policy should therefore focus on strengthening local communities, not just chasing abstract national GDP growth.

High real estate costs prevent young men from accessing urban centers for opportunities and social connection. They substitute the rich, real-world interactions of city life with a cheaper, algorithm-driven digital existence on their smartphones, a dynamic from which tech companies profit.

Whether one owns a home is a primary determinant of their perception of affordability. Homeowners with fixed mortgages feel more secure due to locked-in housing costs and accumulated equity. Renters, however, face constant rent increases and lack this wealth-building asset, making them feel far more financially insecure.

As homeownership becomes unattainable without generational wealth, social mobility is stalling. The growing gap between asset owners and renters is calcifying, transforming the American economic structure from a meritocracy into a caste-like system where your financial starting point determines your destiny.

Unaffordable housing is the root cause of many social problems. It statistically correlates with lower marriage and birth rates, increased alcohol abuse, and declining mental health, as it prevents young people from achieving a key milestone of adulthood.

The current housing market is not a cyclical bubble that will pop, but a structural crisis. It's a permanent collapse of opportunity driven by policy failures, corporate consolidation, and demographic incentives that have created deep, lasting scarcity, fundamentally changing the nature of homeownership in America.

Politicians at all levels actively restrict housing supply through zoning and other policies. This is not incompetence, but a deliberate strategy to protect and inflate property values, which satisfies the large and reliable homeowner voting bloc, ensuring re-election at the expense of renters and future buyers.

Many societal problems, including fertility declines, drug crises, and political decay, are downstream consequences of unaffordable housing. A lack of homeownership prevents people from feeling invested in their communities, leading to broader social breakdown.