>Real estate is utterly insane. I cannot even comprehend how it can possibly be so high. How can you have a market for real estate at these prices? Who's buying

>Real estate is utterly insane. I cannot even comprehend how it can possibly be so high. How can you have a market for real estate at these prices? Who's buying it and what parallel universe of limitless wealth do they come from? From what I've read, the wealthy across the globe, especially from corrupt or unstable countries, are parking their money in stable Western real-estate. Some of it they proceed to rent out. Anglo countries are particularly vulnerable since their real-estate taxation regimes hit buildings and improvements so heavily compared to raw land-value.