The large misalignment of prevailing median wages to land pricing around the world has puzzled me for decades. Personally, as someone outside of the real estate industry, any of my real estate-related expenses in my business (I'm all remote) and personal lives are near-total deadweight losses to me. But I don't ever see a kind of "your margin is my opportunity" transformation drop real estate around the world >90% in valuation to free up the stranded capital for other industries, as the real estate industry is enormously powerful and wealthy, and I see no horizon where that is ever disrupted.