As a cofounder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his expertise in tech. But for a while now, the billionaire venture capitalist is sounding the alarm on an entirely different sector: real estate.During an interview with Common Wealth Canada in late 2024, Thiel drew upon the insights of 19th-century economist Henry George to underscore the gravity of America’s real estate crisis (1).snip“The dynamic ends up being that you add 10% to the population in a city, and maybe the house prices go up 50%, and maybe people’s salaries go up, but...