Real estate is a messy example though because the supply is heavily restricted for what are ultimately aesthetic reasons. There's always going to be more averag

Real estate is a messy example though because the supply is heavily restricted for what are ultimately aesthetic reasons. There's always going to be more average earners than exceptional earners and both need homes, but if you restrict the available supply of developable land with things like height limits and zoning then of course builders are going to prioritize the luxury markets.