By definition that every trade has two parties. Those boomers are now sitting on house wealth for the same reason that millennials without family wealth are pri

By definition that every trade has two parties. Those boomers are now sitting on house wealth for the same reason that millennials without family wealth are priced out of home ownership. If we built more housing, prices would go down for millennials, and those boomer’s investments wouldn’t look as good. One way of putting it: pick a number of hours the average person should have to work over time to buy a house. If you want that number to stay the same, housing can only appreciate as quickly as wage inflation.