Comment: Says the home owners patting himself on the back for a dumb argument. Tons of land around. Tons of cheap homes around the world. Canada has experienced a larger increase in home prices than any other country in the world. It is hardly experiencing a population increase compared to most countries and globalization actually didn't decrease wages. 

Globalization didn't cause asset holders to benefit. The central banks have played with money to try to get economic growth which has caused capital to be misallocated in amazing amounts. It's been fueled by debt - not globalization. Homes are homes. Globalization has done nothing in terms of the value of a home. It's earnings are rent. It can't generate anything else.