The developed world is experiencing an amazing housing boom.

You want the wage base and the job base to adjust to the housing reality,

This is not a bad thing for the community. This is a good thing.

Because countries trying to join the European Union have been forced to get their fiscal policies in order, inflation is now less of a concern for investors.

This kind of volatility is to be expected in markets with supply inelasticity,

There's a feeling of 'buy it today or don't buy it at all' because you'll miss the market.

Most people were projecting that interest rates would go up and the housing market would be hit,