Governments will do whatever they can to ensure that nominal values of homes don't go down
They will provide tax benefits to real estate investors, give new home buyers discounts, and make it easier to get into debt to buy a home
All of this is an attempt to make it look like the housing market in their country is appreciating
Why?
Because they know that everyone's money is broken and savers need a place to keep their wealth
When the home prices in a country appreciate, wealth makes its way into the country
But when housing prices constantly go up, the majority of citizens are hurt
Newer generations can't buy homes
Wealth becomes more concentrated with a small group over time
More people experience homelessness
Some people own 30+ homes, while others can barely even afford the rent on one
