I'm not so sure- look at how important social connections, status symbols, and power become in places that are already universally wealthy.
Value starts to be put in things that by definition require scarcity: exclusive neighborhoods, fancy restaurants with hard to get reservations, concierge doctors, private vacation spots, vip type shopping where the store is only open for you, private club memberships, social-political connections
Even most nimby-ism is a form of this.
Plus anywhere people are willing to pay higher prices specifically because of who can't afford them. From fancy grocery stores to 1st class airplane seats to golf courses to "VIP status" of clubs to fast-passes/extended-hours at theme parks.
Value starts to be put in things that by definition require scarcity: exclusive neighborhoods, fancy restaurants with hard to get reservations, concierge doctors, private vacation spots, vip type shopping where the store is only open for you, private club memberships, social-political connections
Even most nimby-ism is a form of this.
Plus anywhere people are willing to pay higher prices specifically because of who can't afford them. From fancy grocery stores to 1st class airplane seats to golf courses to "VIP status" of clubs to fast-passes/extended-hours at theme parks.
It's a lot more than "coolness".