> If this was true, you could create infinite wealth by just building more and more "luxury" housing. I mean, it works until the bubble bursts. But the last ti

> If this was true, you could create infinite wealth by just building more and more "luxury" housing. I mean, it works until the bubble bursts. But the last time that happened, the federal government bailed out everyone participating in it -- they carefully re-assembled the bubble, like nothing had ever happened. So, uh, until federal policy changes, this sort of does just create infinite wealth (on paper, at least).