Housing being an appreciating asset is a social ill. It means that housing can never be affordable, and that as it appreciates it locks out progressively more p

Housing being an appreciating asset is a social ill. It means that housing can never be affordable, and that as it appreciates it locks out progressively more people. This is true unless wages are also always going up, which is not the case unless it’s all just inflation in which case nothing is really appreciating.