The move away from homeownership may be the biggest threat to continued low inflation. With shelter representing 40% of CPI, the rising cost of rentals is responsible for a good chunk of higher reported inflation and the outperformance of rental REITs and stocks. AVB +16%, ESX +19%, EQR +17%, UDR +10% YTD.
The move away from homeownership may be the biggest threat to continued low inflation. With...
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