Which, from some points of view, is the point. The government wants money to be going toward investments (real, productive kinds), not sitting around as an inflation hedge.
Real estate is the most durable investment. A plurality of wealthy people became so via real estate.
It is also reasonably resilient to inflationary dilution.
I'm fortunate to be still earning. You could spend your life building a small nest egg and paying off a home to retire in and have it just litigated right out from under you.
Your argument is "time marches on" but then what value in saving and accruing capital? It's all short sighted transactional consumerism or bust. That's no way to live.
Surprising since the lower wealth masses depend much more on unproductive wealth as their store of value (such as cash) vs the extremely wealthy that depend more on near monopoly of productive capital.
Maybe it's the minority who have tricked the majority to vote for their bidding.
It very much is the government's job to deal with tragedy of the commons situations. It's arguably it's only job, outside of contract enforcement and national defense.
