People have been celebrating "house flipping" for decades, they even idolize it and watch it on TV as their "favorite" programs.
It's literally the process of taking affordable housing and making it unaffordable, and we've been doing it for decades.
Suddenly it's shocked pikachu face that people can't afford to live
This thing you're talking about is actually reaching epidemic proportions as we speak, with the super rich intentionally ratcheting up property values in a callous endeavor to further disenfranchise the people suffering from the poverty that they caused. It's a zero sum game out there, more or less, and every time someone decides that their time is worth 60 grand an hour, 5 people out there have to work for 20k a year instead of 30. That's 5 people suffering hardship for a year each, every single hour.
I doubt anyone is interested, but here's how I think it should work. We should be using a system closer to what we were using when things were much better than they are now. Basically, a thinner bandwidth of salary, like it always was before the huge cocaine wave in the 70s and 80s. Like the most successful person in the world should get paid 20-30x as much as a baseline worker. Right now, the average CEO pays themselves 398x the salary of a floor worker. That's not the extreme case. That's the average. The average should be like, 20. If you think you're time is worth more than 20x as much as another person, maybe there's a way to justify that. 400x? The fastest runner in the world is only maybe 3x faster than an average runner. The CEO's I've known, including myself, were not supermen. They worked more, sometimes, if they felt like it, and their work WAS more important and effective than the workers, by far. But like I said, not that far. It's mostly justified through legacy thinking about the rewards for taking on risk, which is legitimate, but I never hear them talk about how they also have the ability to mitigate those risks, and simply pick the numbers that favor their own greed. You could take the same numbers and read them a different way, but people are just googling nepotism for the first time last year, and haven't moved on to learning about confirmation bias yet.
Today, like right this moment, the pay gap between a worker at Expedia, and the CEO is 2,897-to-1. In 1950 when the country was in it's prime, that gap was about 20 to 1. These people should quit lying to themselves, and to us, and admit that there is no legitimate way to rationalize this level of personal greed. And I can say this, because at my companies, I just paid myself like 3x what the workers made. Well, there were some large one time expenses, but whatever, I took care of my people, and we ate at the same restaurants and drank at the same bars.