Yes, our housing market is absurd, but contrary to some of the comments, we don't live in a totalitarian state, we live in one where most people look out for each other, where healthcare is still, more or less, free (especially if it is accidental). Yes, we are traditionally a low-wage economy, and everyday items are more expensive, but it is still an amazing place to live. I wish you luck.
If that's not a recipe for economic disaster I don't know what is. How can a society be sustainable if its a low wage economy but everything is expensive and health care is free? Who is paying the bill?