Yet a rich person can only occupy one house at a time. Maybe they could own a couple different houses in different locations but even then they have to pay peop

Yet a rich person can only occupy one house at a time. Maybe they could own a couple different houses in different locations but even then they have to pay people to maintain them throughout the year. I don't think the 1% are having any effect on your rent bills in SF. The 10%, maybe, and outside investors from China, and a broken local government for sure.. but not the 1%. And besides, you're not addressing my point. You're trying to explain supply and demand for some reason and ignoring the fact that I said "1000 times more money" which means the ultra rich, which is the group that progressives like to scapegoat. Explain to me how anyone from the 1% "observably" negatively affects your daily life in significant way.