[dv_dt]

Sorry, I didn't mean to imply that it was. I'll give that link a read as it seems we're somewhat on the same page in this area.

With respect the the housing affordability crisis: One symptom of capital accumulation is that competes with regular people for housing. Capital accumulation hurts housing prices to the extent that parking capital in housing that is being used by no one, or being used to just own housing and provide landlord income with a low positive benefit to society. As long is it's cheaper to buy existing houses and rent them vs deploying that same capital to building houses and selling them we will have an affordable housing crisis. And that is just one aspect of stagnant capital accumulation.

[Mz]

One of the problems is that average house size has more than doubled since the 1950s. Meanwhile, average number of people living in houses has shrunk, from about 3.5 to about 2.5, iirc. We also eliminated a lot of SROs and other housing well suited to single adults and childless couples. This occurred at a time when such housing wasn't really needed, but it was not brought back as demographics changed.