We got rid of pensions.

Homes and 401ks thus became financial retirement plans.

And we allowed significant interplay between the 401ks, and homes, in financial markets. It became an entire speculative industry, all intertwined and intermingled, a free for all for both old money finance and ‘entrepenuerial’ home flippers and petty landlords.

So that’s why they inflated more, basically.

Yeah it is more complicated than that but… that is the ultimate truth of it, imo.

We turned homes into speculative financial assets, so obviously, their prices became inflated and volatile.