Our choice as a society is either to proactively decide based on logic and common sense that debt beyond a certain level is imprudent and risky, or to continue borrowing until we can no longer do so.
In fact, the value of a square foot of housing in the U.S. is up 58% from its January 2000 level, according to data from New York housing analytics firm Radar Logic on the 25 largest U.S. metropolitan areas.