It's not the house that has risen, it's the euro that has fallen

The article discusses the rising housing prices in Portugal, emphasizing that while homes are more expensive in euros, they are cheaper when measured in gold. It highlights the disconnect between monetary policy and real estate prices, suggesting that the issue lies in the devaluation of the euro rather than the actual cost of housing. The author critiques the current economic policies that benefit those already owning assets while disadvantaging younger generations trying to enter the housing market. The piece argues that the root cause of the problem is the monetary system and calls for a reevaluation of how housing affordability is approached.