Indeed mambo66.

One of the things I always find most confusing is that the same people that seem to think that high food price's are a bad thing. Or high gas prices, or indeed high 'anything' prices, also believe that high house prices are a good thing.

It is a great shame that so many young people are trapped in small flats with huge debts. But that's what you get in a Boom Bust economy.

The other great hypocrisy is that of affordability. People say that sky high prices are OK, because of affordability, principally low interest rates. Well that just means that inflation is also low, and that your debt will not be eroded like it was for the baby boomer's. The debt is very real.