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 Property prices local to me are totally out of control

I am lucky to have a bit of money

But f*ck... Totally and utterly un-affordable 
 There is an economic theory.

Disclaimer, I am not an economist.

That house prices are stable, it’s everything else that changes. 
 I struggle so hard to come to terms with buying property in Melbourne, prices are so fucked, but must please the misses! and I guess owning the roof over your head is good for retirement  
 There's a few ways of looking at it

Housing one's family is a big deal, and needs investing into both financially and emotionally

The hard part is knowing that the kind of house you need now, vs 5 years time, vs 10 years time, vs 20 years time, is always different

So does that mean by and sell 4 times?

That friction cost is so high, any fiat gain you might make is gone, plus it's an opportunity cost vs more Bitcoin

My initial note was a gripe on even entering the market though

House price ratio to income is just out of control 
 Canada or us? 
 I am from UK originally, but wife is Aussie, so live in Australia now