Is the housing market a Ponzi scheme rigged against young people?

Housing prices are driven by real supply shortages, land scarcity, and demographic demand — not a fraudulent payout structure dependent on new recruits, though affordability is a genuine crisis for the young.

Although young buyers face massive affordability barriers, housing provides tangible utility and value driven by supply and demand rather than fraudulent redistribution.

Housing increasingly depends on ever-rising prices and new buyers taking on larger debts to enrich earlier owners.