I didn't bought house for 10 years but when I finally did, I realized the ownership of house essentially meant living in it without actually paying for it. The

I didn't bought house for 10 years but when I finally did, I realized the ownership of house essentially meant living in it without actually paying for it. The house appreciated so much that if we sell then it will be like we actually got paid to live in the house! So, the moral of the story is that renting sometimes used to make sense in the past but it no longer does because of massive appreciation that we now expect. This appreciation is also well protected because if government allows fall then people will push that government out. The governments must keep doing QEs to just stay in power. So it's essentially government secured investment to live rent free. This fact then drives obsession to own the house. This creates need to create more money and do series of multi-year QEs.