[vkou]

Why should I buy a house today, when I could buy a bigger house for the same money next year?

If I have enough cash, sitting on it will make it appreciate more than paying a year's worth of rent.

Food is a small fraction of a household's expenses, as is healthcare, in every single country that is not the United States.

[wavepruner]

If you don't need or even want a new house then what good does it do you or society to buy a new house? Consumption for the sake of consumption is not a good thing.

If you're buying houses solely as an investment then you get situations like Vancouver. How is that a good thing?