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[–] lipids 0 points 5 points (+5|-0) ago 

Rising house prices is a result of wealth inequality. The wealthy have more money than they know what to do with and they already built all of the factories they can so excess wealth goes into real estate, driving up house prices.

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[–] sinjinsmythe 0 points 2 points (+2|-0) ago 

Wait, you mean the younger generation doesn't want to keep feeding the 1% pigs at the trough while working for slave wages and shackled with student loan debt for their whole lives?

What will the overlords do if the younger generation gives up all together? How will they shit in gold toilets???

Oh, the humanity!

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[–] gota_party 0 points 2 points (+2|-0) ago 

And what's stopping people building more houses?

authoritarian policies of their respective governments

Other causes of high house prices: high immigration, low house-building, low interest rates. All a result of...

authoritarian policies of their respective governments

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[–] lipids ago 

Authoritarian policies definitely play a role in keeping the supply low. But the boom and bust cycle plays a part too. Housing demand peaks at the height of the boom and building takes time to catch that peak but before it can deflate prices the bust hits and financing gets tight.