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I note these are mostly US-specific reasons, but the property bubble has been a thing all over the world both now and pre-2008. It's a phenomenon of popular cities everywhere.

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Those specific reasons might be US-specific, but other countries have other policies to favor home ownership for the same reason (ie. "voting demographics skew towards property owners"). For instance, it's pretty common in other countries to have capital gains exemption on houses.

Ah capital gains exemptions. I knew I was forgetting something!

> other countries have other policies to favor home ownership

You make it sound like a bad thing? Policies should favor the people. There are policies that favor renting flats too.

I believe the problem is not "making it a good deal to own your home". That should be the default anyway.

Whichever nation you live in likely has similar crap.

In China for example there's no property taxes and you can't send your kids to public schools unless you own property.

China is a weird case where there is no property ownership per se, and all the property owners were sent to the fields, yet a generation later everyone is acting as if their 70 year lease is literally the same thing as property and entails the same rights of inheritance and so forth.

I mean, the government kind of mandates property investment over there.

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