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It's a great illusion in a world where people are incentivized, you know, there are tax incentives to own a home in the U.S.

You're sort of forced into equities. There's just this belief that the market always goes up because it's always being priced and depreciated money.

So it's a very simple illusion, but people just, I found, don't tend to

think more than one order of magnitude deep. You know, it's, that's, that's what's hard. They don't,

they don't, they don't look at all of the corresponding things that are happening at the same time.

And so no one asked the question, would my house have gone up over the last 20 years

if there wasn't $185 trillion of additional stimulus?

Yeah, yeah.

Nobody asked that question.

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