The Problem Isn't a Housing Shortage, It's the Concentration of Ownership by the Wealthy

This concentration of housing ownership by the wealthy is the direct result of Federal Reserve and federal policies that benefit the wealthy.

We're told that sky-high rents and home prices are the result of a shortage of housing. The solution is simple: build more housing.

This sounds obvious, but the reality is the problem isn't a shortage, it's the concentration of housing ownership in the top 10%, the same 10% who own the majority of other income-producing assets like stocks and bonds.

The p…