We live in a weird time where people consider property to be a profitable investment. Property should at most maintain its value with a very small gain based on increasing population. Real estate shouldn't have the 10%-20% gains every year we have been seeing in major cities worldwide. People used to see owning a house as an inflation hedge. A way to store there money that would keep up with the government's printing of money. It's this false thinking about property values that caused the 2008 financial collapse and we will see the same thing happen again as millennials get priced out of the housing market and eventually prices fall.