* Taxes on property reduced, turning it into a more desirable asset to hoard. * Wealth inequality went through the wealth meaning more wealth seeking hoardable

* Taxes on property reduced, turning it into a more desirable asset to hoard. * Wealth inequality went through the wealth meaning more wealth seeking hoardable assets (bitcoin is also part of this phenomena, imo). * Governments stopped building social housing, cutting off supply of new apartments. Airbnb squeezing people out and low interest rates are symptoms of this phenomenon. Cutting zoning restrictions is just what property developers like to blame it on because it acts as an impediment to them building more profitable luxury developments. For some reason people listen to them.