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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (10487)10/30/2020 3:16:14 PM
From: edward miller  Read Replies (1) of 97431
 
Maybe or maybe not. I have a sneaking suspicion that since 2009 we have been trending towards home ownership dominated by the top 5-10% who buy multiple houses for rent that the rest will eventually only be able to afford renting instead of buying. With Blackrock and others becoming landlords there is a price squeeze on starter homes that mostly didn't exist prior to the GFC.

This is not a trend that is such a radical shift that everyone sees it, but I think it is there. Eventually capital will own everything, and only the upper crust will have the capital for ownership. The Fed's low interest rate are a huge factor benefitting the most wealthy in this regard.

None of the above means there won't be a correction, but I am saying the reset will not be as deep as prior cycles.
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