It also screws people like you over. Changing homes is going to be hell. When prices rise the variance between an OK home and a pretty nice home will shrink. Just like rents are getting squeezed. There’s an upper cap on most types of homes in specific locations (at least until the corps buy them all) as there is with rent. So we’ll end up seeing houses that used to be $1-200k difference become a lot closer in price. Meaning why would anyone sell to downsize if the trade-off isn’t worth it?