I am from Brazil. We are having a similar problem for a long time now, and it is obvious how the situation also creates a huge amount of wealth inequality: In

I am from Brazil. We are having a similar problem for a long time now, and it is obvious how the situation also creates a huge amount of wealth inequality: In São Paulo, several times in the last 15 years, rent managed to be more expensive than several first world cities (like Stockholm). Housing prices are ludicrous, and the mayor office estimated they have a shortage of 200.000 homes right now, with 200.000 families (not 200.000 people!) living on the streets. When I lived there, I spent 80% of my income in rent, I ended getting in debt after some hiccups with a contract, and got kicked out, I am still in debt to pay the rent, and I still have rents to pay too! (ie: defaulted rents). The interesting thing is: THE BUILDING where I lived, not just the apartment, the ENTIRE BUILDING was owned by a single guy. I found out that guy owns SEVERAL buildings, and that he is NOT one of the city top10 richest, it is "normal" for the city "onepercenters" to own 50+ housing units, many of them own hundreds, or even thousands of housing units, many that are empty, because noone can afford the crazy rent, neither the crazy price to buy something. One of the investors of my startup is a foreigner, and bought a apartment and a house in Brazil, he later told me he was surprised, by how much lucrative it was, the apartment value DOUBLED in 1 year.