No, that is exactly my point. In 2004 I built a 1250 sq ft starter home in Hamilton County for slightly more than $110,000. That was 3 years after graduating college. That same house last sold for $265,000 3 years ago. That is a 140% increase in 18 years. I paid $140,000 for a house double that size in 2012. Similar sized houses in my neighborhood are now going for $330,000+.
When I bought that first home, I was making around $42,000/yr and that is around $70,000/yr in today's dollars. I know that people 3 years out of college aren't making that kind of money doing the same job now. They are lucky to be in the $60,000's.
We hollowed out our blue collar middle class jobs and you better believe with AI that people like Musk, who is getting to data mine the largest employer on the planet, are going to push to do the same in the white collar and service sector. That will mean declining wages for those folks as well, particularly when combined with offshoring. Your accountant, tech support, customer service agent, financial analyst, etc. will be in India or here living 5 to an apartment on an H1B (something both Elon and Ramaswamy both defended mightily at the end of last year). And GDP will keep churning because companies will be rolling in cash but the rest of us plebes will have to be on subsistence UBI.
You will own nothing and be happy....