[winfred]

It's called "housing", seems to me that the core functionality is to house, not to gain wealth. We might have comingled it with investing, but there's no need for that.

Also housing can't rise faster in value than inflation long term. It can for a while but eventually it'll reach a point where even with a 30 year loan you can't purchase it with any job in the area where the house is located.

So if housing is fundamentally unsuited for gaining wealth in the long term for anyone but the wealthy and if it's core function is to house people, then I don't see a need for housing cost to appreciate above inflation.