That was always the case.
I'm planning a move soon. My 4 bed single story, with views of the local beach, bought for 105k in 1996 (about £37k at the time) will fetch around 260k with little or no work on it. With that I'm aiming to move further out onto a 7 hectare property with a boutique vineyard, larger house and even better views. Other peoples drive towards the city and suburbs is working in my favour. Eventually this will all have to end, but this move is probably my final one anyway.
There will probably be a massive crash, like the depression of the late
20's, very soon, I plan to be retired and self sufficient by then.Al