[ffsm8]

Ever increasing home prices is essentially sociatal wealth redistribution from the young to the old, as every following generation needs to pay a larger amount to the previous owners.

No wealth is being generated (no product is being created), that's why it is - fundamentally - a redistribution

[littlexsparkee]

Not just in housing - in policy and the social safety net (SS). There's a new book out on the subject:

https://us.macmillan.com/books/9780374607647/gerontocracyina...