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> Consider US military strength (perceived and actual, as far as we can even measure that) vs rest of world, same with property values and wages in the US vs other places.

While I agree with your comment, I think the last part is only partly true. The military strength of a country doesn't necessarily correlate with the property values and prices - it is enough to compare, say, Switzerland or the Netherlands with Russia or China. Rather, it is an intricate next of various factors that constantly change.