I see. This article compares GDP vs housing prices, which isn't a surprise that US fares very well because the US is stellar at GDP growth.
But GDP is _absolutely irrelevant_ to the average citizen's purchasing power / income.
But GDP is _absolutely irrelevant_ to the average citizen's purchasing power / income.
And sure, every country has a growing segregation between attractive, expensive areas and unattractive, cheap ones. That's normal. Fitting into attractive ones is a matter of competition and only the best few will - there can't be a place for everyone there no matter how the economy is doing and how high/low are the taxes "for the rich" (because it's not the rich who are buying up the housing).