That's one way of looking at it. Another way is.....we can argue about what the specific numbers are, but leaving that aside, there is very obviously a major, major problem with housing costs in many countries in the world, Canada being one of the very worst affected. But in the realm of political discussion, it is almost never mentioned, and when it does come up, almost all politicians "poo poo" the idea as if it's some crackpot conspiracy theory, and if you won't shut up about it, they then resort to calling you a racist, which in Vancouver was almost a foolproof technique for suppressing discussion, until it finally got so bad that even that stopped working, but even then almost no politicians would acknowledge the elephant in the room.

It feels like a complete conspiracy. Could the explanation be as simple that all politicians own real estate, so it is in their best interests to blow the bubble as big as possible? As silly as that sounds, the numbers are literally so big that's is nearly the equivalent of winning a small lottery...and knowing human nature, how many people wouldn't compromise their principles just a little to guarantee win the lottery?