It does seem off. I live in a US region with essentially no population growth, slow job and wage growth, and a lot of vacant buildings and land. Since the fin

It does seem off. I live in a US region with essentially no population growth, slow job and wage growth, and a lot of vacant buildings and land. Since the financial crisis ended, real estate price records are broken every year and see neighborhoods that have double through quadrupled in the past 15 years. At the same time new apartments have gone up, big property companies have formed and consolidated a lot of multi-unit buildings previously owned by small time owners. I know interest rates, especially on mortgages, were historically low which caused some inflation. But it honestly baffles me how it could be anything but a bubble.