The cost of housing is still too much to pay for a necessity. People are paying 50 to 75% of their income for housing. There's a continuing growing population of homeless who can't afford housing at all. Children are living with their parents and more than one roommate are needed to afford one apartment. We're making a whole subculture of homeless in an "affluent society". That's just plain horrible.
The government will never be able to "fix" an economy where everyone whose employed is over their heads in debt and most of the population can't afford a roof over their heads. The flow of buying and spending will come to a compete stop. It's doing so already .... the brakes just aren't completely floored yet so the worst is yet to come, unless the high price of necessities stops cold.