Notice the article's tone - housing is very much a stock market, where rising prices are good, higher is better, and hot companies (make that housing markets) are bandwagons for the savvy well-to-do to make sure they own part of.
Vs., say, essential infrastructure that every human needs in order to live.
> Notice the article's tone - housing is very much a stock market, where rising prices are good, higher is better, and hot companies ...
Don't forget that in the EU governments love the revenues from real-estate: higher real estate means the, say, 12% that goes to the state when an apartment our house changes hand is juicier.
And higher real-estate price means higher recurring yearly taxes on real-estate/land.
Also high real-estate price means inheritance taxes of 30% are very juicy on real-estate when someone dies for the government.
Governments have zero concerns for the essential structure needed for people to live but they do have a lot of love for the huge amounts that comes into their ever deeper pockets.
Vs., say, essential infrastructure that every human needs in order to live.
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