It’s really not clear to me if we’re in a bubble. A lot of these houses sold to investors are aiming to generate rent, not be resold at a higher price. Zillow a

It’s really not clear to me if we’re in a bubble. A lot of these houses sold to investors are aiming to generate rent, not be resold at a higher price. Zillow appears to be relatively alone among institutional investors in aiming to flip homes and not rent them. If corporate land lords are extracting enough rent to justify the higher than normal prices, is that really a bubble? It’s socially pernicious, yes, but that doesn’t sound like an asset bubble to me.