The situation has become insane. Here is a 2 bedroom in Jackson Heights, Queens for $815k - where the median household income in the area (which is not really gentrifying) is $51k:
https://www.zillow.com/homedetails/3413-80th-St-APT-52-Jacks...
I want someone to explain to me how this is going to work. We cannot structure our society this way, it leads to and has always lead to a landed gentry that is at a minimum semi-feudal, much less the social stability implications. The situation sounds much more serious on the West Coast, unbelievably.
I have no idea what's going to happen, but it's going to be bad, however this turns out.