I want a house so bad right now but unfortunately houses that were 200k 3yrs ago are now 400
Yup. Though I'm generally unclear on how anybody can say they're surprised by inflation. Anybody with a pulse could see this coming from a hundred miles away given the landscape of the economy in the last 2-3 years.
Housing will rebound at some point. Interest rates rising and there's already a slowdown in demand. Builders haven't recognized so in the next few years you'll see an influx of high supply, low demand. Will drive prices flatter.
Not back to levels 3-5 years ago, and I don't necessarily think prices will go down, but they'll flatten out. These like 20-30% price increases YoY aren't sustainable.