491.

From Commodity to Asset: The Truth Behind Rising House Prices – Economics from the Top Down

economicsfromthetopdown.com/2024/08/22/from-commodity-to-asset-the-truth-behind-rising-house-prices

To do it, we need to (paradoxically) ignore house prices and instead, focus on income. The root driver of the housing crisis is that poor people can’t afford to buy houses or pay rent. And yet the rich have their cake and get to eat it too. Maybe … just maybe … if we took some of this money and gave it to the poor, then these folks could afford a place to live.