I'm not an economist but if you listen to Gary Stevenson talk about this very issue he discusses it in depth. But, when it comes down to it if EVERYTHING is getting more expensive that looking at on variable in one market can't be the crux of the issue.
When you have large transfers of wealth and the wealth gap grows significantly the only thing for rich people to do is buy up assets. Assets are fixed, so the share of assets owned by rich people are drastically increasing. This is inline with the # of houses owned by private investors and #'s of assets owned by other investors will reveal the same thing.
bpt3|6 months ago
Or maybe I am misunderstanding what "issue" you're referring to?
akmiller|6 months ago
When you have large transfers of wealth and the wealth gap grows significantly the only thing for rich people to do is buy up assets. Assets are fixed, so the share of assets owned by rich people are drastically increasing. This is inline with the # of houses owned by private investors and #'s of assets owned by other investors will reveal the same thing.