I think a lot of economic models severely underrate the extent to which overheated real-estate markets eat economic vitality alive. It's because most of the cos

I think a lot of economic models severely underrate the extent to which overheated real-estate markets eat economic vitality alive. It's because most of the costs they impose (initially) aren't that easy to quantify, but you're basically grinding your seed corn by making it impossible for working people to be able to afford to live and making it impossible for small businesses that aren't bars or restaurants to have a viable business model. Where's your next generation of innovation going to come from when you've done that? What happens to the community that lives in a place when the people with all the land and political power have no stake in the community itself?