> It’s the new feudalism.
In a sense that basic housing now is luxury - yes.
In a sense that basic housing now is luxury - yes.
Not really. Peasants were mostly owning their houses, that did't make them aristocracy.
I genuinely do not see how owning a 1970s-built bungalow translates me into the aristocracy in a few decades.
I genuinely don't follow. Yes, the bungalow sits on land ( enough for BBQ for 5-6 people ) and I sit inside the bungalow. Neither of the them make me any money. I can't sold them and live in the stratosphere. I either have to buy something else or rent.