Yes. Good post. In the English speaking world houses are a financial asset. In Singapore houses are homes to live in. No matter how many condos and houses you

Yes. Good post. In the English speaking world houses are a financial asset. In Singapore houses are homes to live in. No matter how many condos and houses you build they will be bought by speculators. A lot of the QE since 2008 went in buying assets which includes houses. Now the Fed is trying to shrink the money supply.