So wrong. 7 - real rates aren't going up any time soon, they simply don't have much room, government would default. What will happen is that nominal rates will

So wrong. 7 - real rates aren't going up any time soon, they simply don't have much room, government would default. What will happen is that nominal rates will rise, but real rates will remain negative and leveraged real estate investors (both homeowners and RE corps) will be in fact propped up by continued low rate regime. Several central bank governors have made it painfully explicit that they do not care one bit about housing market exploding due to low rates. 8 - wrong. renters don't get any equity. not even close to an equivalence. 9 - wrong. the assertion is that institutional investors have worse access to cheap credit than joe sixpack - really? the govt decided to handicap JPM/BlackRock/etc to help the small guy? whatever you are smoking, i'd like a lifetime supply please.