<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>e3b0c</author><text>In the long run, this seems to be partly due to Henry George theorem (&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Henry_George_theorem&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Henry_George_theorem&lt;/a&gt;). Otherwise real estate wouldn&amp;#x27;t be that exceptional than other asset classes, as the article suggests.</text><parent_chain><item><author>nickff</author><text>From what I can see, this data-set and analysis seems to indicate that investors have been discouraged from investing in productive assets and investment vehicles by the low interest rates (or IRR).  In response, people are spending more money on luxuries (such as their houses).</text></item></parent_chain></comment><story><title>Piketty’s rising share of capital income and the US housing market</title><url>http://voxeu.org/article/piketty-s-housing-capital-results-new-us-facts</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>davidw</author><text>Housing is also a market where people can get very involved in the local government to prevent additional supply from being brought on line, despite soaring demand, mostly via zoning.  Look at places like Palo Alto and Boulder.</text><parent_chain><item><author>nickff</author><text>From what I can see, this data-set and analysis seems to indicate that investors have been discouraged from investing in productive assets and investment vehicles by the low interest rates (or IRR).  In response, people are spending more money on luxuries (such as their houses).</text></item></parent_chain></comment><story><title>Piketty’s rising share of capital income and the US housing market</title><url>http://voxeu.org/article/piketty-s-housing-capital-results-new-us-facts</url></story>