I think that also highlights that there's an investment class outside of the reach of normal citizens.

If people can't pay to own property because it's easier for regulators and mega-owners to only have to deal with bulk-owners, then there's not a human-class. One cause is not enough resources in local government. Shrinking the abilities of the public servants until offices become autocratic, oligarchic hellholes is a long-favored strategy in consolidating authority.

We're in an era that has to balance a lot of novel challenges, but they have seemed to tip in the favor of the few over the many for the past generation or two.