[1propionyl]

> 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.

Excellent put. The bitter pill underneath that though, would seem to be that we may need to reconsider to what extent real estate should be assumed to be an investment that always appreciates in value.

Reconciling that with families very reasonably expecting to be able to build or maintain wealth through their largest lifetime purchases is... never going to be a pleasant discussion.