Basic human greed is why. It has made the cost of shelter astonishingly expensive. That has a knock on effect to all other aspects of life.
Oh and because a new iDevice comes out every year.
Oh and because a new iDevice comes out every year.
Many people in tech have had a moment in life where they either had a windfall or could have saved aggressively for a few years before moving somewhere low cost and working a 15-hour workweek. (Or retiring.) Almost nobody I know who has had this option, self included, took it.