Or is it? The money flowed in real estate will most likely immediately get used to buy other houses and there by inflating homes even further. I don't think any

Or is it? The money flowed in real estate will most likely immediately get used to buy other houses and there by inflating homes even further. I don't think anyone sells their home and uses the proceeds to buy some stock - the proceeds goes almost always immediately to buy other home. It's like you live in a village, a traveler pays you $100 for a goat which was suppose to be only $10. Then you realize goat is so valuable so you use your $100 to buy two goats from neighbor for $50 each. Now your neighbor realizes what's going on and he uses his new money plus some more buy more goats - all in anticipation that everyone needs goat and prices will keep going up. The virtuous cycle starts and sooner or later major portions of people's money keeps changing hands in form of million dollar goats. Very little of that money might actually get used for other purposes like building the hospital or school because those things don't deliver investment returns like a goat does.