In this clip from the webinar, What’s Inflation Doing to my Nontraded REIT Portfolio?, Jay Steigerwald (Ashford Hospitality) describes a “megatrend” that is a result of the pandemic and plays an important role in his industry.
The Real Villains of Today’s Housing Market
The tale of the housing market over the past few years, in which big Wall Street firms and greedy Airbnb investors elbowed out first-time buyers and drove up home prices, is appealing. It's nice and tidy, with a clear delineation between good guys and bad guys. But it also misses the mark.