yeah I'm not sure anyone is arguing that the appreciation of housing values is a good thing, just that it's an emergent thing and it's not that surprising. Much

yeah I'm not sure anyone is arguing that the appreciation of housing values is a good thing, just that it's an emergent thing and it's not that surprising. Much of this paper is corroborating Piketty, whose central thesis is more or less that the rate of return on capital is too high, and that the consequence of the high rate of return on capital is increasing wealth inequality. We're in essence creating a system that says that if you want to make more money, owning stuff is better than doing stuff. That's a pretty lamewad system imho, as it encourages the growth of the rentier class as the expense of the working class.