Here's a listing for "Affordable housing" in San Diego -

[Egalitarian Thug]

1. What the people that both pay attention and understand how things work have been saying

since at least 2006. The housing market valuations were manipulated to serve as refuge for the Big Money that escaped the stock market crashes. The entire real estate industry, from the banks down to the appraisers, knew full well all along that it was a scam. The entire bailout, both the $700B distraction and the $12T real bill, was done for one purpose only, to prop up the Big Money long enough to get out.

They can't let house valuations drop to fair market values because the entire facade of solvency is built on those valuations.