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New Housing Bubble: Prices Up, Ownership Down, Wall Street a Mega-Landlord: “America is Becoming a Nation of Renters”

New Housing Bubble: Prices Up, Ownership Down, Wall Street a Mega-Landlord: “America is Becoming a Nation of Renters”

by Mac Slavo | Jan 31, 2015 | Commodities, Forecasting, Headline News

Want to own your own home, but stuck, temporarily, renting until you can? You aren’t alone. Wolf Richter outlined a pretty eery scenario. The 2008 financial Armageddon was in larger part a result of the housing bubble bursting. Thanks to the subprime mortgage...
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