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I feel like real estate prices outweigh a lot of other factors entirely because real estate costs in places people would prefer to live are an order of magnitude higher than they were even a generation ago after accounting for inflation, and where people live determines an immense number of other factors.

Of course, it will be hard to fix that unless we can get people to realize the problem is fundamentally a literal shortage of housing in places, and that slapfighting with developers and landlords won't conjure up more homes for people to live in.



Japan has a similar problem but my understanding is house prices are much more reasonable there.




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