Same thing happens in Poland. There are only 4-5 rather small cities with good jobs + shitload of skilled and unskilled Ukrainian immigrants (like really, there are days when I walk through town and 80% people I pass by speak Ukrainian) + Airbnb craziness + no regulations + shitty politicians = it became impossible to rent or buy even small apartment if you are not highly skilled or not willing to share room with someone you don't know. It all happend in last 4-5 years. I was born in one of these towns (Krakow) and it just hurts me to see huge division in society, clearly there are lots of rich people that are getting richer every month, buying multiple houses and renting, and there are shitload of (some of them university educated) people living in tiny old Soviet era apartments (imagine whole family and dog in 400-450sqft). Actually many people don't even dream about own place. Both my parents and my grandparents were able to buy apartment without having any sort of education, today if I wasn't Software Dev I would be homeless. We are talking Poland here, can't imagine how much worse it must be in other actually real countries.