That’s why we have a lot of inflation in the pipe that the Fed does not want you to think about,
Before 1980 the cost to buy was part of the Fed’s CPI,
Now it was replaced by owner equivalent rent.
If rents do not rise or cost of buying a home does not come down —- No one will ever build an appartment for renting ever again…. Think about it a few minutes, it will soak in.
