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Why prices are rising everywhere

We are tired of hearing that the price of housing rises, both renting and purchasing. What catches my attention is that it is a global phenomenon right now. Each country and region has an explanation for this according to their particular situations, but beyond that, it is still a reality that it is a globalized phenomenon. Does anyone know or have found an explanation that answers this without going into the particularities of each country or region?

submitted by /u/inmoindex
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source https://www.reddit.com/r/RealEstate/comments/1nmp3bg/why_prices_are_rising_everywhere/
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