A tale from Brazil...<p>A couple years ago we had absolutely no credit here, so the Government created an almost free credit line (from R$160k to R$300k) to be used to buy homes. This is a major problem here and was kind of a good move.<p>As a consequence of that now every place is very expensive, because everybody has at least R$160k (except people like me that hate to borrow money) so places that went for R$50k (not nice ones) are now around R$250k, nice places that where on the range of R$300k are now around R$700k to a million.<p>If you saved money before the credit line you are in a bad position now, back in 2007 It was possible for a graduate student to work, save and in a couple years buy a small apartment for R$50k in a low middle class neighborhood, nowadays you can&#x27;t find anything for that amount of money not even in the really bad places, I am not sure it is the right solution, we just inflated prices and people still can&#x27;t buy homes or they do and will have a debt for live.<p>So I like that people have credit to buy their places but I hate seeing prices rise like that for no reason besides  &quot;But you can get a loan...&quot;