Rather than a lack of supply, housing affordability "may primarily be about differences in income growth at the top of the distribution relative to the middle."
This one is sort of saying landlords are the problem too, although they won’t name them. They’re saying inequality is driving higher home prices, and landlords make their money off being more wealthy then the average person and using that wealth to outbid them for housing and rent it back to them.
The more inequality there is, the more the rich are able to bid up prices out of reach of the poors, then the poors are more subject to the rich landlord class.
This one is sort of saying landlords are the problem too, although they won’t name them. They’re saying inequality is driving higher home prices, and landlords make their money off being more wealthy then the average person and using that wealth to outbid them for housing and rent it back to them.
The more inequality there is, the more the rich are able to bid up prices out of reach of the poors, then the poors are more subject to the rich landlord class.