This has a roll on effect as business with increased real estate costs pass it on to consumers. So you are not only directly paying higher rent or purchase but

This has a roll on effect as business with increased real estate costs pass it on to consumers. So you are not only directly paying higher rent or purchase but also for products and services. What's supposed to happen is inflated prices take up an unjustifiable portion of income and make things like families impossible forcing people to move. Wages are supposed to keep rising to keep pace rendering some business unprofitable, making others expensive and forcing others to move altogether, all adding up to cause a correction in prices. But in the real world its not really working that way. While wages are rising there is also large import of labour keeping wages in check with people resorting to more and more desperate measures like sharing rooms. Without that perhaps the labour crisis would become unmanageable forcing businesses and government to rethink some policies. At the moment its the financial and real estate sectors making out while the average person faces the brunt. This is replicated worldwide in most major cities.