I think this is a global phenomenon.Real Estate prices in India escalated pretty much because people settled in decided to put their money into buying houses s

I think this is a global phenomenon.Real Estate prices in India escalated pretty much because people settled in decided to put their money into buying houses so that they can sell or rent them for a very high returns. This in turn forced realtors to over extend themselves. Our previous government was corrupt to the hilt so this continued for over a decade. That said India now have strict regulations in place[1] to curb this behaviour. I am not sure why other countries cannot follow suit. I have no issues with foreign investment comes into infrastructure and commercial space. I think its mutually beneficial. However, inflow of foreign money into housing is just evil. Local population with fixed means of income just cannot. [1] http://www.freepressjournal.in/india/rera-all-you-need-to-know-about-the-real-estate-act/1055591 http://www.freepressjournal.in/india/rera-all-you-need-to-kn...