[nickles]

> I encourage you to look at an actual graph of housing prices and foreign exchange rates. They really don't track each other.

I'd be very interested to see such a graph. I'd also be interested to know what you mean by foreign exchange rates (I've been assuming you're talking about USD relative to all other currencies). [0] seems to indicate that FX rates affect real estate prices.

> Also, most people have home loans and houses are not currency.

I really struggle to see how that's relevant in the slightest. No one claimed that houses are currency.

> Further, having your currency appreciate is bad for many parts of the economy.

That supports the notion that FX fluctuations will affect real estate prices. A region with worse economic prospects will likely have less demand for housing than an otherwise identical area with better economic prospects.

[0] http://www.investopedia.com/articles/forex/053115/understand...