The document discusses Hong Kong's housing problem and its causes. It notes that while Hong Kong has a very strong economy, there are also high levels of inequality. The GDP has doubled in recent decades but incomes for low-income workers have not increased much. Housing costs are a huge burden for many residents, with over 1 million people living in poverty and 100,000 households living in inadequate housing like cage homes. The housing problem is a result of the interplay between the government, property market, developers, and changing economic conditions over time. The document examines Hong Kong's land use and the relationship between land sales and the property market to help understand the current housing crisis.