> That's not the case now: an average middle class tax paying citizen cannot reliably invest in a real-estate (especially plots and independent houses) as half

> That's not the case now: an average middle class tax paying citizen cannot reliably invest in a real-estate (especially plots and independent houses) as half of the money is transacted in black. This is a vicious circle and pushes the prices of luxury goods, real estate etc., northwards. I don't know if I am correct but hear me out. I think these prices went up because people with hidden money were willing to invest more in comparison to someone with modest amount of honest income. Now when the gap between rich and poor has been narrowed down, prices has to come down to so that there can be more potential buyers which was not earlier possible as hoarders of black money were also investing their hidden money.