3 ms·
These trusts will compete with the middle classes for assets. This kind of thing is a large part of why there is a housing crisis. The existence of this wealth
by pydry 5y ago
These trusts will compete with the middle classes for assets.
This kind of thing is a large part of why there is a housing crisis. The existence of this wealth is an existential threat to the middle class.
- cascom 5y agoI don’t have the numbers at my fingertips but I believe it’s institutional money (pensions, endowments, insurance companies, sovereign wealth funds, etc) that are the real drive asset prices, not the marginal high net worth buyer