[pascalxus]

Yes. And a big part of the problem is people's perception of real estate. This idea, that real estate is doing "well" when prices go up, is completely flawed. When RE prices go up, it should be considered a bad thing, a sign that the market is sick: supply is not allowed to increase sufficiently to meet demand, causing endless negative externalities, needless suffering for everyone.

[TheOtherHobbes]

It's because real estate inflation is considered a profit, while most other kinds of price inflation are considered a cost.

The "logic" of that argument betrays some interesting biases.

Of course if you privilege an asset class it will appreciate in value. This has nothing to do with conventional mechanisms of supply and demand, and everything to do with systemic political bias that rewards the ownership of certain privileged asset classes, while forcing the rest of the population to pay economic tribute to those who own those assets.

[bildung]

Thats because real estate is an asset, whereas inflation is about the price of consumables.

Value increases of assets have never been considered inflation.