It is hilarious and tragic how people have become worshippers at the alter of property price speculation. It really took off in the west when the requirement that commercial banks only fund commercial productive investments like factories, farms and infrastructure- neoliberalism removed this constraint from the wests commercial banks and so they soon directed an ever increasing quantity of fiat debt capital toward property- mostly housing. This pushed up prices and as the price of debt declined from the late 1980s this increased the amount of debt people could lverage property with creating a seemingly endless cycle of price appreciation. In case anyone has not noticed this cycle of steadily decreasing interest rates has ended. As a result the property ponzi pumping process is also ending. In the medium term the best you could hope for is stable/stagnant prices- but a real decline in price is probably inevitable. Compounding the problem is that the wests productive capacity and infrastructure is now so depleted that any return to real productive economic growth seems very unlikely- China has come to control the major supply chains and real wealth creation channels- the outlook for the west is rather bleak to be honest- but hey lets keep deluding ourselves that further fiat debt debasement, leverage, derivatives and financialisation will save us!