Get the latest tech news
It's the Housing, Stupid
On the broken housing market and how its distorting risk-taking behavior.
A few weeks ago, I was on The Compound and Friends, and there was a debate about why we were seeing 2021-like meme stock activity and money market funds holding record assets at the same time. This surge in renter millionaires can be traced to multiple factors, including robust stock market gains over the last five years, the expansion of the tech sector, the rise of remote work enabling location flexibility, and a growing preference for turnkey living solutions over the responsibilities of homeownership. A decade-long fizzle: Housing stays gridlocked and home prices slowly decline in real terms by not keeping pace with inflation over the next decade.
Or read this on Hacker News
