[raducu]

How is a rise in house prices helping the nobler parts of the economy? People spend considerable more of their income on mortgages or rents, leaving a lot less for other less fixed and shorter lived assets. I'd be 1000% satisfied with a 50' house and valuation, leaving me to spend my money on travel, charity, high-tech or just work less, do stuff that really interests me; or spend a lot more on education. How is the education bubble helping the progress of humanity?

I'd be extremely happy with the education + costs of 50 years ago, or just online education -- I'm not talking about content, but delivery and costs.

It boggles my mind that people don't see it for what it is -- the feudal lords are back and they take a lot more of your production just so you stay alive.

They are not helping humanity(except for some benevolent ones) progress, they 99% help themselves.

[zemvpferreira]

Sorry if the language wasn’t clear but that is the point I was trying to make: when we use economic growth as a measure of improving quality of life for people, it ceases to be a good measure.