I can't confirm this because she took her account into private
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That's how supply and demand works, dumbnuts.
The supply of inner-city housing, especially those on the waterfront, is fixed. Maybe a finite number can be added with taller apartment buildings, but it's still relatively fixed. You're not adding a significant portion though to account for the sharp increase in demand.
The demand for this housing has continually gone up thanks to ever-growing population numbers, especially in the inner-city.
More people fighting over the same piece of property means higher prices. Always has, always will. Because there will eventually be some dumbfuck that's willing to pay those higher prices. And frankly, if you want to live in the inner city, you get what you fucking deserve. Urbanites are one of the lowest trash of humanity before you delve into criminals and various other offenders of such nature.
Little more than supply and demand. I doubt she actually had that apartment without some connections helping her out.
Probably so. Probably also doesn't account for improvements of her "similar apartment" that were implemented over time. Not enough to fully account for it all, but enough to certainly add to the cost over time. The reality is that the standards of housing 20 years ago and today are rather different.