US housing affordability has never been worse: The inflation-adjusted Case Shiller Home Price Index has is set to break above 300 for the first time in history. Nominally, home prices have skyrocketed 143% since 2011, per Reventure. Adjusted for inflation, home prices have risen 66% during the same period. Furthermore, inflation adjusted home prices are now 12% HIGHER than during the 2006 peak. To put this into perspective, from 1890 to 1990, inflation-adjusted prices never exceeded their long-term trend by more than 15%. How is this sustainable?