In britain, new zealand, canada and many other rich countries, buying a dream home has become much more difficult over the past decade. Oceans of cheap money created by central banks to support economies after the two thousand eight financial crisis have poured into many assets including real estate. That and a switch in taste from packed city dwelling to more space and country living, has sent house prices in many places soaring. But data last week showed new homesales in the us Falling 12 point six % month on month in july, and mortgage applications 21 % lower than they were a year ago.