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Living in a desirable place has always been popular. And its popularity fluctuates. Those who rent rather than buy are most exposed to those fluctuations. Those who buy are most likely to profit.

That's how it works. Nothing new about it and there's no way to change it, except perhaps stopping the Federal Reserve from creating bubbles with cheap money.

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Strikes me that a lot of renters want the advantages of property ownership but none of the responsibilities.

Maybe most of them couldn't dream of actually owning property.

I can't afford property in central London either even a 1 bed flat is getting on for $1,000,000.

Sometimes its a lot cheaper to rent something than it is to rent the money to own it.

Policy makers believe that rising home prices are a sign of a recovering economy, so making home prices rise will make the economy recover is what they do.

Of course, creating an effect does not create one of its possible causes.

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