> CoL is primarily driven by supply and demand, not willingness to pay

Right. Supply and demand. Not supply alone. And demand is characterized by the willingness to pay.

> not to mention inflation, supply chain issues, inelastcity...

These are already encompassed in supply and demand. Why mention them twice?

>[...] is the worst economic take i've heard in a while

Maybe so, but given that, it is curious that, in the end, you decided to repeat the exact same thing in your own words. A "worst take" is usually taken to mean that you see things differently, not see things exactly the same.