What a stupid way to justify it. If housing were affordable more people could buy their own homes instead of being trapped into renting.
A guy at work has a very nice house he has owned for about 6 years now. It's 4 bedroom, ensuite, formal dining, lounge, family room, etc, etc so it's not small. His mortgage is $600 per month, and now the house is worth close to 400,000.
Most of my mates are paying 250 - 300 RENT for shitty horrible houses. Thats at least a grand a month, now you can't tell me thats not f**ked.
And like nightcrawler said my biggest issue is peoples f**king greed when it comes to owning more than one house, you can only live in one.