Financialization seems like a kind of captured servitude when you see data like this.
What would house prices / land values be, in a world without loans?
Discussion
Yes, and the most upstream problem of all fiat currency. Need to shake it off and fast!
Restrictionist land use policies have played a huge role, here. It's impossible to build new housing in California. And if you do, it will happen after 5-10 years of lawsuits forcing the city to issue you a building permit.