And they still ended up getting gentrified from the places they bought their houses in. Having a multi-million dollar house means nothing if you dont have the income to match so that you can keep living in the neighborhood after the cost of living rises. You'd only be rich if you sold your house and moved to the desert into the middle of Arizona and live in the scorching heat or something.

Its like how China's president said: "Houses are for living in, not for speculation". As a result, 80-90% of all 30 to 40 year olds in China own their houses and they even paid for it themselves. Whereas its calculated that 99% of Americans will never be able to buy a house.