Unless you actually plan on building as successful SaaS... then just, you know, use Salesforce. There are exceedingly few reasons a $100m SaaS company shouldn't just be running on SFDC.
Yeah, agree that generalizations like "rich people will hold out" don't really hold true when you zoom in on individual home sale scenarios. Yes, the uber wealthy may wait, but those with a W2 often move for a number of reasons related to job, family, health, economic, or other life circumstances that trump the prevailing wisdom of what they should be doing. And then there are those who aren't paying attention or don't care. People want what they want.
You seem to be ignoring supply and demand for the assets themselves irrespective of the asset's value or earning potential. Low interest rates increases demand for asset types like property and equities.
Most hospitals have just a handful of ECMO machines, if any. And most of them are talking about not providing ECMO to COViD-19 patients because of this.
> product pricing and labor aren’t that tightly correlated.
If you're the staff accountant, sure. You're technically correct.
If you're the CFO and I'm trying to convince you we need to spend $1M on user research instead of $100K, you can be sure this is taken into account when modeling monetization strategies to recoup R&D costs.