It's because real estate inflation is considered a profit, while most other kinds of price inflation are considered a cost.
The "logic" of that argument betrays some interesting biases.
Of course if you privilege an asset class it will appreciate in value. This has nothing to do with conventional mechanisms of supply and demand, and everything to do with systemic political bias that rewards the ownership of certain privileged asset classes, while forcing the rest of the population to pay economic tribute to those who own those assets.
The "logic" of that argument betrays some interesting biases.
Of course if you privilege an asset class it will appreciate in value. This has nothing to do with conventional mechanisms of supply and demand, and everything to do with systemic political bias that rewards the ownership of certain privileged asset classes, while forcing the rest of the population to pay economic tribute to those who own those assets.