Well yeah. I live in a city where the housing bubble is so bad that the average home-price-growth over the last 5 years greatly exceeds the average income. Th

Well yeah. I live in a city where the housing bubble is so bad that the average home-price-growth over the last 5 years greatly exceeds the average income. That is, houses made more than people pouring their sweat into their jobs... and those houses accumulate that value just by sitting there and existing, and don't pay income tax (principal residence is 100% exempted in Canada's capital gains system). With that in mind, why would everybody believe in the value of hard work? When buying at the right place and time is better by every metric?