Sorry I had that like written out over a day ago and just I might as well post it.
The real estate market will eventually indeed crash. But we don't have the slightist clue when that is going to happen. But you can see that everyone that got completely fucked in the housing crisis...most of them just had to hang onto their house for another 15 years and now their ahead of the game again.
True it would have been a lot better if they had a big cash pile to buy up cheap stocks or a foreclosed house. But stuff like that is almost never pulled off on purpose. Its easy to predict that a stock will more than double in 10 years. Its damn near impossible for to know if its gonna go up or down within 45 days.
But your stance on increasing the inflation of housing -- I think its quite rational frankly.
It's too bad this thing called politics gets in the way. You have to pay off all these suburban home owners to get you to vote for them. Especially if you are not getting any tax breaks out of the dems or something.
Buying a house is a good move because the political parties are clearly using home owners as a constituency. Which means the investment is going to be institutionally protected as long as they can help it.
It's not always gonna be 2009 when the housing market crashes. All of us were alive for that shit -- politicians know they have to do more for home owners next crash.
None if this is necessarily fair in a country where home ownership is out of reach. But I try not to pit every interest against one another for their right to survive. Trying to get some family wealth established in the middle class isn't a terrible goal.
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