I watched it again at 1x, and I feel more convinced. The amount of inflationary pressure average people buying homes is going to cause pales in comparison to the amount caused by the very wealthy using them as investment instruments.

That being said, I’m not sure housing is always going to be the asset of choice for the very wealthy, but, I suppose, it’ll always be one of them unless the bottom falls out. Which seems inevitable. Nevertheless, the main idea–tax the rich at way higher rates–is true and always has been true. The real question has always been HOW to get that done.