That's a different set of goalposts and doesn't change the fact that housing prices are flat over time. By that measure Eric is 100% correct.

Now, to take the argument that housing should be cheaper than it is seriously, people need to quit whining about boomers sitting on equity-in-fiat terms (reality is that they're still down bad in real money terms).

In that much different conversation I'd agree with you completely. Government is what stands in the way between land-poors and this:

That would segue into a whole conversation about the nature of government, the shadow government, how the world actually works, and why Eric is correct to be adversarial in his thinking. To disagree with him on this, I assume in his view, is to be distracted by false narratives and therefore ineffective in achieving the greater goal.

A resourceful tact would be getting his insight on what he'd consider an effective path for lowering housing costs in the face of an incumbant power working to prevent it.