Morgan Housel

is because the problem is out of sight, out of mind.

And I'll show you what I mean.

If you build a nuclear power plant and it melts down in the middle of town, you see that, you notice it.

You don't notice the homes that were not built.

You don't notice it.

You don't notice the communities that never got developed because right now it's just a forest.

It shouldn't be a forest.

It should be a big, beautiful community, but it's not.

So it's harder to wrap your head around what wasn't done.

We pay attention to the things that were done that we can look at, and that's one of the reasons that it persists.

The other thing I would say is I think back to a lot of social problems being downstream of housing.

I noticed this when I was a renter.

I had no interest in local politics at all.

I'm transient.

I might live here for a year or two and then I'm gonna move to the next city, whatever happened, I don't really care.

I'm just a tourist in the city basically.

As soon as I bought a house and owned a house, I felt a much more profound and I think really good sense of being part of the community.

I'm literally invested in this now.

And I think to the extent that there are more extreme political views in either direction these days, at least part of that puzzle comes from a young generation basically feeling like they're tourists in their own lives without any sense of ownership of what they have.

And then another element of this is, look, there has always been inequality.