Housing prices in the US are also skyrocketing like they did before the 2008 crash. Rental rates are absurdly high, too. It's just not sustainable, and I fear this time it may also be the first sign of money supply inflation and interest rate manipulation leading to even greater turmoil. Maybe I'm just a pessimist here, but between COVID and policy cuts to production, money supply increases, corporate cronyism crushing small businesses for "public safety," and political authoritarianism escalating across all sectors, we are in for hard times, and this is only the beginning.
No more than me. This has been the fastest transfer of wealth and assets from poor to rich in the history of the world.