[Pokepokalypse]

Here is exactly why:

In America, this is basically the ONLY way "normal people" can make money (or at least used to be - those of us who didn't "get on the bus" in time have missed out).

Unless you create valuable intellectual property (ie. inventor, etc), or unless you're a doctor or lawyer, you're mostly just barely getting by. Those of us who were able to invest in housing, and take that ride, might actually have enough economic security to retire on.

So why does it have to be that way?

Because the politician who tries to change this system, will get voted out of office.

I don't want to say bad things about democracy. I love democracy, and I think it's one of the most important human innovations of the past 2000 years.

But the way we practice it in the USA; we're basically voting for our own extinction.

[kelp]

Yeah, I understand the politics of it, and you're right that it's incredibly politically challenging thing to change.

But it's not a fundamental property of how markets for housing have to work. Housing doesn't need to be an appreciating asset for building housing to be a viable business to be in.