You can buy property and multiply its value by 10 by putting a 10 story building on it, and even sell floors on it. It happens all the time. It is simply not a fixed supply.
> Typical Caltech brat
LOL. My opinions on markets were quite atypical for Caltech students in the 1970s. They're likely even less typical today.
Setting aside opinions, I've been in business and associated with business entrepreneurs ever since Caltech. Consistently, those with positive outlooks and willingness to take action have done very well. Those with negative views and a victim mentality have all done poorly.
Most people can't afford to buy property. That's sort of the crux of this discussion. Half of Americans live paycheck to paycheck and about the same amount have less than $10k in the bank.
> I've been in business and associated with business entrepreneurs ever since Caltech. Consistently, those with positive outlooks and willingness to take action have done very well.
Yes, people who have money can easily acquire more money. Most people don't start out with money though, so it's rather selfish to judge the world solely from this perspective.
This discussion is about property being zero-sum. It isn't zero sum.
> Most people don't start out with money though
There are endless businesses one can start with no money.