Sounds reasonable. And I'd add that a house is not only seen as an investment but also a safe investment, so people are going out and leveraging themselves thro

Sounds reasonable. And I'd add that a house is not only seen as an investment but also a safe investment, so people are going out and leveraging themselves through a bank loan to 5x their downpayment. I don't think I could buy anything else that big with such great interest rates.