It's mostly from lack of building housing in the places that have jobs, which is what turned it into an investment vehicle rather than a savings vehicle.
And when there's lack of housing, the two choices are high prices and homelessness, or wait lists and homelessness. Neither are good, but the solution is really just more housing.
I thought that it was a good idea to sell my house and rent for a few years when it tripled in value.... we'll see in 1.5 years if that was a good choice.
Probably if you just sold like in the past few months, if it was a year ago or longer, probably not. And yes, I agree that will probably be seen as save in 1.5 years.