The logical endpoint of this argument is a single company owning the majority of rental homes. Possibly worldwide.https://twitter.com/patio11/status/1089334026748317696 …
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Not a single company owning all rental homes. More likely you have an Airbnb/wework style platform company, under which you have a number of REITS which own all the real estate. Given that total return on real estate is low, the REITS will supply the lower yielding safe capital.
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This by the way is Masa’s thesis behind his wework play.
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