> Where did all the money come from in last 1 year to inflate the prices to this insanity. We've been printing trillions over the past 15 years or so. And we'v

> Where did all the money come from in last 1 year to inflate the prices to this insanity. We've been printing trillions over the past 15 years or so. And we've disproportionately accumulated it at the top (including the audience here, although the top 1% and 0.1% are doing even better than that). That money has to go somewhere. Traditional conservative investments have low rates of return right now - think low interest rates - and housing has historically been seen as "safe". And it's providing fantastic returns. Take COVID - nobody wants to move, so housing supply is low. Tight supply is just exacerbating an existing issue, especially sharply over the past year. Totally anecdotal: I just moved from SF to Seattle, somewhat related to my job. We were outbid half a dozen times, often by cash offers. I remember one of them in particular, because we got beat way over asking by a cash buyer, and it was rented on Zillow the week after closing. Housing is an asset class, not a place we live. > I don't understand why employers cant simply pay more and pass on the costs to their consumers. What's stoping them. Passing costs onto consumers is a bit of a lie used to scare consumers into opposing wage increases. You can only pass on so much cost, and it depends in part on the elasticity of demand for your product. Anyhow, employers generally can pay more, but they are optimizing for their shareholders and return on equity. That's going pretty well if you look at the market. But that's why the market isn't reflective of the economy as a whole.