Very true.. which is exactly why i said in my post that it’s bad for society.
OTOH, since I sold my home las year and now companies with deep pockets are offering $40k or $50k (or more) over asking price in cash, how can someone like myself with good credit and 20% down compete with that? Right now i think the best alternative is to invest in the companies I’m competing against.. if/when the market takes a downturn (and most agree it will, but no one has a crystal ball to know when)- then it’ll be time to re-assess.