You’re missing the point. It’s not about jealousy it’s basic economics - supply and demand. No I would not take the deal if it raised the demand in something central to my happiness (housing) driving the price up for something previously affordable and make it unaffordable.
I would not trade my house for a better iPhone with higher quality YouTube videos, and slightly more fashionable athleisure.
I don’t care how many yacht’s Elon Musk has, I care how many governments.
What if you could buy the same house as before, buy the same iPhone as before and still have more money remaining? But your house cost way way more proportionally.