RE: The Layout For The Globalization Of Real Estate

This still supports my original assertion that it's an artificially high price though. This is due to artificially suppressed interest rates to ensure price inflation, which is part of the conflict of interest the government has holding a monopoly over currency. They do this because it devalues the dollars that they owe money in. As these prices climb, their revenues go up in nominal terms, but their debt obligations stay the same in those terms. Eventually even the low interest rates will run out of steam and people won't be able to make the payments on the huge loans. It will inevitably end catastrophically at some point. You can't run a pyramid scheme forever.