Oh well, let's see it from a different perspective, then everything would be much simpler and clearer. The government can actually make housing a lot cheaper b

Oh well, let's see it from a different perspective, then everything would be much simpler and clearer. The government can actually make housing a lot cheaper but why would it do so? Just take a look at the budget sheets, you will find out that the government is one of biggest if it's not the biggest one of the beneficiaries from the property boom. By making housing more expensive, it can collect more land/property taxes. If it cannot hike the tax rates easily, the evaluation hikes anyway. By printing more money, it dilutes its liabilities. Almost all the governments have been printing money for decades now, but they claimed there were not enough inflations, really? There seemed to be no severe inflation simply because of the methods used to calculate the inflation rates were biased. Indeed groceries' prices did not raise much, but how about the assets and/or properties? The economy is a dynamic system and can compensate by reducing non-essential expenditures to maintain essentials. But doesn't matter how flexible a system is, it still has a limit which no one really knows what it would be. We are pretty close to a tipping point if we are not already at it. The reason is pretty simple, any system with only positive feedback, doesn't matter how small the positive feedback is, is eventually going to crash as it requires more and more resource as input so that it can maintain the output. When it hits the hard limit, boom...