#4 is true in the sense of: wages have not risen as much as the amount of money in supply. Since a lot of the money being introduced I to the economy finds its way I to real estate through loans, RE has risen almost on par with inflation. Makes sense ?
Discussion
Yes, now it does.
I think my confusion also came from this article I remembered reading last year.
What do you think about this article? It makes everything kinda complicated, as it introduces some side topics. I guess it's also hard to find clear answers concerning RE when prices can be so different from region to region...
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https://www.tagesschau.de/wirtschaft/verbraucher/immobilien-kosten-generationen-100.html