I definitely agree on the first two, less sure about the later two. Those with plenty of money may be choosing to park it in stocks, but higher prices mean mor

I definitely agree on the first two, less sure about the later two. Those with plenty of money may be choosing to park it in stocks, but higher prices mean more people don't have that expendable cash. I'd be really surprised if younger people feeling the most pain from housing prices have a broker at all.