No, it’s not just you, New Yorkers and San Franciscans: Urban housing markets all over the world have grown way too expensive

Bloomberg News/Landov
Bicycles rest on bridge railings beside Prince’s Canal in Amsterdam, a city that is trying to rein in its buy-to-rent housing market as it seeks to stop a wave of landlords from capitalizing on booming property prices.

Consider a trendy city, beloved by tourists and home to a thriving economy and plenty of industry. Its housing market is starting to feel a bit strained. As an academic who grew up there put it, “Prices here began to take off and within a few years were growing at annual rates of over 15%,” after the housing crisis bottomed out.

Sound familiar?

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