Many people’s view points are influenced heavily by the 2008 financial crisis, which was a exceptionally rare and historic event. Demand for housing was artificially inflated due to fraud. Do you think demand is being inflated now? If so, by what, and what would cause demand to shift back?

One possible answer is interest rates being low. However, the trend in interest rates towards 0 / negative has been going on for over 100 years. I don’t see them going up significantly ever again.

At some point they can't go lower because it becomes cheaper to store physical money than to pay negative interest rates, so it will stop somewhere.

yeah, I tripled my "investment" in 10 years, I might be biased... the only thing I regret is not getting a more expensive home