The Rich

The Rich will eventually own it all........

The short guide to Capital in the 21st Century - Vox:

"In the United States, for example, 5 percent of households own a majority of the wealth while the bottom 40 percent have negative wealth due to debts."

They are buying up housing...[Mish's Global Economic Analysis]

 Mortgage Loan Originations Lowest on Record

But houses are selling because

residential real estate sales have remained strong due at least in part to investor activity and the fact that cash sales account for almost half of all transactions.

A chart for historic reference from [Dr Housing Bubble]




It's not poor people buying houses with cash.


'via Blog this'