I'd argue that in terms of land/housing market, in an established, multi-centuries contiguous (ie not disrupted by revolution, nationalization, large redistribu

I'd argue that in terms of land/housing market, in an established, multi-centuries contiguous (ie not disrupted by revolution, nationalization, large redistribution) urbanized area it becomes a zero-sum game and hence all the problems that entails. IMO this is more or less the inevitable result of long surviving land ownership rights. You can see this in the correlation between home ownership rates and when was the last time land was nationalized/redistributed: https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate https://en.wikipedia.org/wiki/List_of_countries_by_home_owne... What do the top 10 countries have in common: they were communist dictatorships in the previous century were all land was taken and managed by the state. What do the bottom 10 countries have in common: very long standing property rights with no redistribution in the last few centuries. Not saying that what we need is nationalization/revolution but simply pointing out statistics and trends which may help inform people in order to counter their effects.