Using your scenario however what is the correct choice?
Me buying the house at an overinflated price causing the market to rise
Or me renting from some private investor who bought a house at an overinflated price also causing the market to rise
I can't say no to either the asking price or asking rent and live???? in my car....
Either way, you lose.I lose. We all lose by the looks of things.
Or maybe we could have both paid the same amount for our houses (overinflated as they may be), not care as to whether the price goes up or down, both work damn hard, have a beer and barbecue together on the weekends and get on with life.