You pointed out correctly that house prices are bounded by incomes, then immediately made the same mistake with AI - someone has to want to pay for this stuff.

You pointed out correctly that house prices are bounded by incomes, then immediately made the same mistake with AI - someone has to want to pay for this stuff. It also has to compete against free models, which are not only almost as good, but they pull ahead sometimes. Saying “the product increased in value” is only true if someone buys it!