The entire real-estate market in the west (both buying and renting) is an intentional failure (but economic success for the owners) designed to be a zero sum game to squeeze newcomers and prop up existing landlords, asset owners, and banking profits on the backs of those trying to enter the market. And then western governments wonder why millennials and younger stopped having kids. Because you priced them out of home ownership, that's why.

Good luck getting the governments to break this vicious cycle and stop making real-estate an investment vehicle designed for huge returns, and good luck getting existing property owners in voting for policies which will lead to a devaluation of their homes.

I feel like if this trend keeps growing, sooner or later, eating the rich will be the only solution.