the thing with property is its for rich people to park their money.
for example if you have $20mil your not going to do anything with, you buy house's..
you dont have to worry about your money depreaciating, and you will get a instant return from the rents giving you a income imeadiatly.
better than leaving $20mil in a bottom draw. and it gives people a place to live till they buy their own.
the way property is for us poor people who cant buy it all cash is it acts as a savings plan so when we are old (25 years away) we then have a income to retire on (yay).
but people think now it makes you super rich and you buy housing to be rich and wealthy in 10 years 100% guranteed... its never been like that.. but people think that because of the price history from the bubble we are in..
