&gt;Real estate is utterly insane. I cannot even comprehend how it can possibly be so high. How can you have a market for real estate at these prices? Who&#x27;s buying it and what parallel universe of limitless wealth do they come from?<p>From what I&#x27;ve read, the wealthy across the globe, especially from corrupt or unstable countries, are parking their money in stable Western real-estate.  Some of it they proceed to rent out.<p>Anglo countries are particularly vulnerable since their real-estate taxation regimes hit buildings and improvements so heavily compared to raw land-value.