Comment by torginus

But it's literally true?

Please don't dilute the argument by comparing racial groups with the ultra-rich.

The (ultra-)rich form a class in the classical Marxist sense - a group whose interests naturally align, and they work together to further their interests.

There is deliberate government policy behind what's going on with housing - free money for the rich, which they can in turn invest into speculative assets to make yet even more free money.

Then they ensure that their money has weight by putting said money into housing, pricing out common folk, and building new units to serve as price control to preserve the value of their assets.