Charles Hugh Smith ~> The Problem Isn’t a Housing Shortage, It’s the Concentration of Ownership by the Wealthy

This concentration of housing ownership by the wealthy is the direct result of Federal Reserve and federal policies that benefit the wealthy.

CHARLES HUGH SMITH AUG 23, 2023 READ

We’re told that sky-high rents and home prices are the result of a shortage of housing. The solution is simple: build more housing.

This sounds obvious, but the reality is the problem isn’t a shortage, it’s the concentration of housing ownership in the top 10%, the same 10% who own the majority of other income-producing assets like stocks and bonds.

About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.

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