Morgan Housel

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.

There's always been, at times, extreme inequality.

If you go back to the 1920s, about equal to what it was today.

But it was much more out of sight, out of mind.

You really didn't see how other people were doing.

And so if you lived

And, you know, you shared a bedroom with your three siblings in your house, didn't have air conditioning and didn't have much of anything.

You still felt like you lived a great life because by and large, that's what your neighbors were doing.

But now that person in that, you know, sharing a bedroom with their siblings in a very modest house is on Instagram and TikTok all day.

and your view into how the other half lives is very extreme.

And that's a very new phenomenon.

I always talk about the show MTV Cribs.

We all grew up watching it, it's a great show.

And that was our view into how the other half lives.

That was pretty much one of the only views into how the other half lives.

But you knew those were not peers.