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If you allready own a house, you are in the game. U can trade your house for another one...the people who the price increase hurts are those who don't own....their means of entering into the market is getting slimmer.

Another point that was brought up long ago, is how many people who own homes could afford to buy them at the current market values. If all those Million $ homes hit the market at once they wouldn't be trading at a million...but somewhat less.

All the price increases is an illusion to someone who allready owns...your trading an apple for an apple if U decide to sell, the only way to gain is to go and buy an orange somewhere else
instead.

So boyz U ain't really any richer than before, all you really got is more zeros at the end of the equation.