housing is now an "investment" for everyone with extra cash and not just the owner occupiers. I live in a condo and honestly the majority of the units that have sold in my smallish 35 unit building are to people overseas, who then contract out a manager and rent the unit out. Non owner occupied units don't get tax abatement but that doesn't seem to matter.

I couldn't afford to live in my building if I hadn't bought around 20 years ago.

Its kinda astonishing that the past 10 years have been that.