You seem to have read a "No, we shouldn't, because..." into my post that wasn't there.
My point was directly that it is, in fact, not a policy failure in the usual sense since it is working both as policy makers and voters intend, and, on a deeper level, that --given that people who, in fact, benefit from housing price appreciation are overrepresented among those who actually vote -- changing this is likely to require either changing who actually votes or getting people to vote against their own financial interests.
I simply didn't state that it is a policy failure.
I said We should also start treating rising housing prices as a policy failure.
It's a prescription for what society should do, not an assessment of whether current policy aligns with voter wishes.
In the comment I replied to initially, rising prices are treated as a measure of economic success. Treating them as a policy failure would contrast with that current attitude...
My point was directly that it is, in fact, not a policy failure in the usual sense since it is working both as policy makers and voters intend, and, on a deeper level, that --given that people who, in fact, benefit from housing price appreciation are overrepresented among those who actually vote -- changing this is likely to require either changing who actually votes or getting people to vote against their own financial interests.