And so what if it is? With the rate that tech is going to be putting people out of jobs, most folks are going to have shit for options.
Let the privileged folks have their fun, so the unprivileged can eat and not worry so much.
Let the privileged folks have their fun, so the unprivileged can eat and not worry so much.
Causes asset inflation making them out of reach for the 'unprivileged'. See housing market.
No one expects housing to appreciate (except in limited, specific situations) and then no one votes or sets policy specifically to prop up prices. There’s a dynamic market with plenty of development and supply in the right types of housing and price points and everyone’s happy pretty much.
The land does appreciate in Japan though. And if they built good homes, they would too. But they choose not to.