Completely agree with everything you've said. I think I've divorced housing prices from the concept of inflation because I spend so much time thinking about th

Completely agree with everything you've said. I think I've divorced housing prices from the concept of inflation because I spend so much time thinking about the underlying causes (zoning, NIMBY's, environmental reviews, etc). But the crazy price increases are enabled by the financial sector and all the money lying around. It seems the more financialized the sector (housing, higher Ed) the worse the inflation is. I don't know that my thinking on the boundary between finance-driven inflation and fundamentals-driven inflation is as clear as it should be.