[npc_anon]

In a situation of supply scarcity all the market needs to do to function is to sell this limited supply. And this does not require the median citizen to be able to afford this supply. Thus the market isn't even irrational.

[Eddy_Viscosity2]

All those tax cuts to the super rich have to go somewhere. Buying up property is one of them.

[Ekaros]

More so you need to generate the money that goes into stocks and other assets from somewhere. This seem to be done either by government debt or by debt against increasing home values...