>>82222081
>Then simply don't get a mortgage
Yet that depth of fractional reserve banking trickery average people cant comprehend so they don't complain.

But you cant. Supposedly you have $100000 saved and you want to buy a house. Too bad another guy takes $400000 and outbids you. You have no choice to but take mortgage yourself and now you both compete who would take large mortgage. Were does it stop? At maximum possible debt to income ratio 35% (or even 50% at best credit ratings). So housing price all increase until mortgage on them reaches 35-50% debt to income ratio and you pay 35-50% of you income (about half of that is interest, bank profit) for right to live in the house.