It's happening all around the world. I'm in a US Rust Belt city that's lost population since the 1950s, and had flat growth in the region since 1970. Yet in m

It's happening all around the world. I'm in a US Rust Belt city that's lost population since the 1950s, and had flat growth in the region since 1970. Yet in many neighborhoods housing prices have doubled to quintupled over the past 15 years. Similar stories in a lot of other rust belt areas which I know are not booming. The urban areas are definitely more attractive than they used to be, but it doesn't add up. It makes me think the drive behind this is post-financial crisis monetary policy.