The stock market seems sane when compared to real-estate prices in major cities. In Canada, people are mostly pointing fingers at foreign buyers. People are generally ignoring the elephant in the room - lowest rates in a generation. Despite being in the 1% of wage earners, we personally are so badly screwed ... we&#x27;ll never be able to afford property in hour home towns unless there is a 50% crash. I don&#x27;t think that is likely at all ... so we&#x27;re (and most of our friends who missed the buying opportunities of 2011-12) are figuring our what remote town to move to so we can earn some fraction of our salaries but have a shot at home ownership. As rational people, we know we cannot afford million dollar homes if interest rates ever normalize. In Canada, you cannot get mortgages longer than 10 years ... so it is very grim for us. People who don&#x27;t know math are raking it in while we are suffering in no uncertain terms. But no one seems to care.