nostr:npub1m343wwwdmvare434daq4jpjyc4q4nv56pftgh03jej5l42azs44qwpnjzz nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h it's not a zero sum game at all. If your house goes up, it's probably because living space got rarer, so it sends the signal to people that they should move in with more people.
Of course in the real world, real estate is one of the most manipulated assets in the US so it's impossible to figure out what price things would have in an actual market.
The second part of what you wrote is really the key.
Both real estate and debt aren't real markets, so they just keep doing things to raise the prices to make boomers feel rich and keep vooting, and all that means is future generations are stuck borrowing a career worth of cash (1 million in Toronto, 2.5 million in vancouver for a Single Family Home, but 800,000 canada-wide at the peak around 2020) just to have a place to lay your head at the end of the day.
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