> Not everyone is a HN reader with a six figure salary and money in S&P 500 index funds, ETFs that have almost doubled since 2017. But not everyone has to be,

> Not everyone is a HN reader with a six figure salary and money in S&P 500 index funds, ETFs that have almost doubled since 2017. But not everyone has to be, because the supply of housing is so limited. The number of new homes is still way below population growth, and it's increasingly becoming a trend for boomers to "age in place" instead of downsizing as they age. That means a large number of would be home buyers are competing for a tiny pool of available homes. In that kind of scenario the price of housing can become completely untethered from what the "average family" can afford, and totally driven the wealth of a small elite.