armadillo

Seeking Stabilization in the Housing Market? Look at This Chart

I like that chart. Affordability is relative. Your income goes down so does the affordability of a house at a certain price, so prices will need to come down even further to meet recessionary incomes.
You can inflate to make the price of a house seem like it is worth the same but if the cost of everything else comes up to meet it then the price of the house has come down relatively speaking. You can't force affordability.