I mean, I'd be fine with screwing homeowners too, and I am a homeowner. The Zillow estimate of how much I could charge in rent is several times over my mortgage and HOA payments. The estimate for how much I could sell for is $25k over what I paid, two years ago. You can't tell me my house is making $12.5k/year for literally nothing, while I live in it and repairs accumulate, and tell me that's a sensible way to run an economy.

also, the rising real estate prices have detrimental second and third order effects.

For instance, birth rates are dropping because young adults cannot afford a house, which in term means they have to rent against higher prices which means they have less income to actually put into the economy.

What will we do once we have a generation which doesn't have any wealth and doesn't own a place to live? People who have little to show for it after a lifetime of working while subsidizing those who own the properties they live in is not a situation you want society to be in.

Don't forget that those young people have parents and will eventually inherit their real estate, so they will have something to show for it after a lifetime of working.

Maybe. Remember that the house can be:

1. Split multiple ways due to multiple children. 2. Sold to finance retirement living.

Only some of them. And many of those houses will be sold to pay for healthcare.

Low interest rates and high inflation will pump those numbers up even more. I don't see a way to stop the increase without the debt imploding on itself which the government would never let happen (I'm personally in favor)