> Aside from remodeling, the only thing that increases the value of a home over time is increased demand for homes relative to supply
And it's important to note that a highly significant factor on the demand side is the availability of mortgage loans at low rates because the government prints money to fund them.
And a highly significant factor on the supply side is many highly desirable localities intentionally restricting the supply of housing.
Banks and Fannie and Freddie only "create money" to the extent the Fed allows them to. They all have accounts at the Fed, and those accounts govern how much money they can issue as loans. So ultimately the money printer only belongs to the Fed. The fact that what is actually going on is obfuscated by several layers of indirection is a bug, not a feature.
And it's important to note that a highly significant factor on the demand side is the availability of mortgage loans at low rates because the government prints money to fund them.
And a highly significant factor on the supply side is many highly desirable localities intentionally restricting the supply of housing.