They want to own hard assets in the event of a crash, because their paper will wash away in a correction.
In the near future, more people will turn to renting instead of owning, and they become cash-flowing landlords.
Boomers are retiring at a fast pace and they will need more housing. They could turn these neighborhoods into assisted living or retirement communities.
Owning swaths of homes means they control the population flows.
They may hold these assets and “package” them for sale or rent-management to foreign entities like China. Imagine sending your rent check to Beijing. ?♀️
I suspect there are multiple reasons for this:
They want to own hard assets in the event of a crash, because their paper will wash away in a correction.
In the near future, more people will turn to renting instead of owning, and they become cash-flowing landlords.
Boomers are retiring at a fast pace and they will need more housing. They could turn these neighborhoods into assisted living or retirement communities.
Owning swaths of homes means they control the population flows.
They may hold these assets and “package” them for sale or rent-management to foreign entities like China. Imagine sending your rent check to Beijing. ?♀️