You keep posting articles from WSJ as if we should take Bezo's literal mouthpiece as a reliable source.

edit: Bezos doesn't own the WSJ. I'm wrong.

it’s also turbocharged by the number of people that are descendants of immigrants

WSJ? Might as well have not included it. It's paywalled.

That being said, it seems to reference property owners. Hell, if I'd had the money to buy a house prior to the pandemic, I would have. I didn't because of constant reorgs at my employer at the time, which resulted in hiring freezes and reduced raises. The goal behind these was to make the company attractive to buyers. Eventually, they did find one: Oracle. They've since gutted what was a major employer for my region.

Since the pandemic housing has skyrocketed and pay hasn't kept up. It's been stagnant for 40 years while economic output has risen, along with COL [0].

Where'd all of the value go?

(that's a rhetorical question)

[0]https://www.consumeraffairs.com/finance/comparing-the-costs-...