That is a general problem in most of the US too. The desirable ~25% of town is mostly unobtainable for people who aren't in the top couple percent of the income

That is a general problem in most of the US too. The desirable ~25% of town is mostly unobtainable for people who aren't in the top couple percent of the income structure because so few properties come up for sale in those areas that their inflation rate outpaces wage growth in the area. In growing towns and areas that are generally desirable enough that outsiders move there its probably more than 50% of the city is out of reach for say ~80% of the population for the same reason as above, combined with the fact that people moving from high cost of living areas eat up another few percent. You see this in town after town in the US. The younger local population is forced to live an hour drive+ outside of town because the older generation is sitting on properties that are outside of their price range. The theory says that once those older folks start to die off their children will inherit the windfall, but I'm not really that sure. Its definitely not true for my parents which for various reasons didn't manage to benefit from the real estate/stock market booms over the past ~50-60 years. I know a couple people like this (they have middle class jobs and live in apartments while their parents have tens of millions), while others are like me because their parents burned up imense amounts of money in their later years with travel/health care/etc.