[dumbledoren]

> Real estate still shot up in lockstep with the rest of the world because you can't and you won't build faster than people who see homes chiefly as an investment buy property.

Yep. There is no way Europe can cope with the real estate bloat introduced by the American money escaping the US investment market because of the 'less than optimal' returns there. We are just ending up with gigantic bloat because the American investors are bringing in their bloated cash and parking it on European housing. Doing a quick arbitration at the cost of pushing Europeans to homelessness - not unlike what they did to the Americans in the US.