Sorry I mean it is unclear what the price of ownership being correct means. Yes I absolutely agree, the greater extent "homeownership is a middle class right",

Sorry I mean it is unclear what the price of ownership being correct means. Yes I absolutely agree, the greater extent "homeownership is a middle class right", the more housing price rising just is an across-the-board inflation. To the extent that the poor / non-whites are not involved, it is stealing from them. This is why fixed asset ownership is just a rotten scheme, inflation or theft, nothing good comes from it. "store of value" is highly overrated. Public goods and infrastructure are what materially derisks the future. Not some bidding rat race.