"It is just what average houses cost here now. In fiat currency...

"It is just what average houses cost here now. In fiat currency which isn't about to be replaced. Good luck buying that without borrowing for most families. Even if prices came down dramatically it would still be a massive amount to try and save."

This disconnection of what a family can afford is for the following reasons:

* Speculative money pumped into the housing market ultimately caused by legalised fraud from the financial sector causing an increase in house prices
* The legalised fraud through both debt creation and inflation decreasing the worker's purchasing power

The above points become quite obvious when you consider that many decades ago, you didn't even need both parents working to own a home and provide for a family. Financialisation since then has made things much much worse.