In the long term, everyone pays market rate.
In the post war years the above conditions held for decades leading to relatively steady home ownership rates and ages of first home ownership. However due to the rapidly rising cost of housing since the late 80s home ownership is rapidly changing.
Millennials have famously deferred home ownership, while gen z is starting to believe its is simply impossible to acquire. 22%[1] of all housing sales now go to private equity firms.
Unlike the stats collection used by the Fed of asking private home owners what they would rent their house for - rental rates are now often the subject of collusion through pricing algorithms[2]. Finally, individuals rarely own a single house forever - this would reduce economic mobility and be problematic in and of itself. When a home owner purchases a new home, they are subject to market pricing.
1. https://www.dwell.com/amp/article/ban-private-equity-single-...
2. https://www.businessinsider.com/real-estate-apartment-rent-p...
The luck is in being alive this long. Doesn’t say anything about their fitness to steer society via socialized memes there’s a communal upside to capitalism. Sounds pretty socialist.
“It’s good your agency is expropriated and your value deflated for the cause!”