Except what it the "market" is other speculators? We're seeing this again now in major metropolitan areas, except now it's international speculation. Foreigners

Except what it the "market" is other speculators? We're seeing this again now in major metropolitan areas, except now it's international speculation. Foreigners looking to park their money in more stable economies and willing to pay a premium to do so. Everyday people get stuck in the middle paying higher prices, which just inflates things even more. At this rate we'll get another housing crash, and a student loan crash. Banks love student loans because they're virtually guaranteed (no bankruptcy), and the government guaranteed return is substantial--far exceeding the actual return to the borrower (remember real wages have been stagnant for twenty years).