Quick cheatsheet to the CoL crisis: Economic production requires capital and labor. If you own stock, you reap the returns from capital. If you own real estat

Quick cheatsheet to the CoL crisis: Economic production requires capital and labor. If you own stock, you reap the returns from capital. If you own real estate, you reap the returns from labor. It doesn't have to be this way, of course. At one end of the spectrum, if there were no artificial housing supply restrictions, the returns from labor would go to the laborers themselves. At the opposite end, with a fully-controlled housing supply, all the income is extracted. The laborers' rent and rent-derived prices - all locally-provided products and services, a.k.a. non-tradeables - exactly equals their paycheck. Perfect camouflaged servitude.