I tend to agree, but we used to live (own) in a major city. We then moved only 4 years later and the house had gone up quite substantially (I couldn't believe it).

Now 4 years after moving away I still check on that house and see it keeps going up and even though our savings has gone up, we can no longer afford that house anymore.

After a few moves, we're now renting a home in a pretty far off suburb of another city and the prices in this area are starting to get out of hand. Witnessed by us starting to look after we decided we like it here. The houses in this market won't last a week and offers are way over list.

But I still go back to, this can't keep up. Who is going to keep buying at this pace? Salaries certainly can't be keeping up with this?