> The second point would also probably cause some serious economic problems, as a lot of peoples' and businesses' decisions are based on property values generally going up faster than the rate of inflation.

But that's a big problem. If housing prices go up faster than inflation, then eventually most of our costs of living will be housing. And here we are, apparently.

I think it's also a big problem that housing costs are ignored in inflation calculations. I think that has lead to the rise in housing costs in general having been ignored. And now it's become a problem.