A gambling house??
I spoke to a man yesterday who told me the stock exchange was "a huge gambling house" that had little to do with reality.
He's right, and real estate can be similar.
He talked of a freind who had bought a house and land in Coolgardie for $500 in recent times. He checked the records and found that in the early 1900's the land (with no house) had been sold for 26,000 pounds, a huge ammount in those days.
Real estate in Alice Springs has gone crazy. Three years ago units had been appreciating by about 7% a year. Since then prices have almost doubled.
A computer expert I deal with has a saying,
Chaos reigns within
Repeat, repent, and reboot.
Order shall return.
I think that is appropriate here.