Not everything got more expensive proportionally. Somehow apartments go up much slower, and so do rural home-on-a-hectars. Many people seem to have invested in

Not everything got more expensive proportionally. Somehow apartments go up much slower, and so do rural home-on-a-hectars. Many people seem to have invested in leveraged 2-3 urban properties, they don't need to move out from them, they can just reap their 3x growth over 10 years, pay out their loans and retire. I'd say the whole thing is a failure on legislators' behalf. Capital gains tax discounts (up to 100% if you've lived a year in each of your houses), unquarantined tax deductions for interest and upkeep, low land taxes, probably many more. All that while importing ridiculous quantities of low-pay workers. But hey, how good is GDP growth.