> rther and further out of reach of people who are looking for a primary home. This happens to all assets all the time. When it rains, umbrellas go up in price

> rther and further out of reach of people who are looking for a primary home. This happens to all assets all the time. When it rains, umbrellas go up in price. Companies competing with this and failing is only a transfer of wealth between VC's and homeowners. You don't need to ascribe a moral sentiment to that transfer, its just what it is. If the prices then bust afterward, then homeowners that sold won, the ones that stayed didnt take advantage of the opportunity, and home buyers lost at the high and will win at the bottom. Like in any other price fluctuation!