[sprafa]

This is what happened with real estate in the west. It is for example, not worth owning property in some major cities as a retiree vs selling it for a fortune and moving to somewhere warmer in many major western cities.

Hence we see the explosion of corp/concentrated ownership of real estate and exploding rents (just up to the level you can afford to live with the rest of your income but not much else). Money printing means it’s a great time as a millionaire to buy lots of property, and as an average person to sell whatever excess non-residential property you have for huge amounts. Hence cities slowly become unaffordable/within the very limits of affordability for most citizens.