Back in early 2010s Brazil, I remember seeing cranes lifting up new buildings everywhere in my city. Not as much new public sector infrastructure, but private s

Back in early 2010s Brazil, I remember seeing cranes lifting up new buildings everywhere in my city. Not as much new public sector infrastructure, but private sector was booming. This came with a 100-1000% housing inflation that never corrected later. The country started its slow but sure descent into the gutter in mid 2010s, and by 2016 basically everything stopped. Only pre covid did I start seeing new apartment buildings rising again at snails pace, but then came covid.