Raoul Pal says housing play is dead and the numbers back him up
The American ethos places way too much importance on having a house. Sometimes it makes sense, sometimes it doesn’t. Right now it doesn’t from a rent vs buy perspective, especially if you need to take out a mortgage. It might in a few years after prices mean revert. pic.twitter.com/aweWIcMS1h — Tobias Maximus (@tmaxftw) July 17, …