Wall Street isn’t to blame for the chaotic housing market
The boogeyman isn’t who most want it to be. Skyrocketing house prices means that for many, the dream of ownership has disappeared. As many turn their anger towards Wall Street, the idea that institutional investors are largely to blame for the current housing market catastrophe obscures the real problem. Jerusalem Demsas argues that low supply, low mortgage rates, and the largest generation in American history entering the market looking for starter homes is the real reason for chaos.