Why house prices will never come down again

Following on earlier posts, I wonder if anyone remembers this little tidbit that happened only 3-4 years ago:

https://www.rba.gov.au/covid-19/

Government Bond Purchase Program The Reserve Bank announced on 3 November 2020 that it would purchase bonds issued by the Australian Government and by the states and territories in the secondary market under a $100 billion bond purchase program. On 2 February 2021, the Bank announced that it would purchase an additional $100 billion of government bonds following completion of the initial bond purchase program in April 2021. On 6 July 2021, the Bank announced that it would continue purchases of government bonds following completion of the second $100 billion of bond purchases in early September 2021, at a rate of $4 billion per week until at least mid November. On 7 September 2021, the Bank announced that purchases would continue at this rate until at least mid February 2022. On 1 February, the Bank announced that bond purchases would cease after 10 February. The bonds purchased by the Bank helped lower the whole structure of interest rates in Australia. This supported the economy through the normal transmission mechanisms of monetary policy, including lower borrowing costs and a lower exchange rate than otherwise.

Approximately $500 billion printed into the economy during covid. Or about a quarter of all of the money in Australia.

And people are still blaming immigrants investors or govt housing policies for the price growth 😂🤣

Your money today is nowhere near the value they it was 4 years ago. Time to suck up the reality.