A new direction for home ownership - Are you ready?

Back in June, Zero Hedge wrote about the "mystery" behind America's missing inflation, during this time I showed that a record number of US renters are unable to afford housing, suggesting that record amounts of "disposable income" were being diverted for use as a shelter "tax" instead of being spent on true discretionary goods and services, leading (together with the Obamacare tax) to the broad and distressing decline in not only traditional retail sales and moribund consumer spending, and the "secular" economic slowdown observed over the past several years.

Zero Hedge followed with another article titled: "The Mystery Of The "Missing Inflation" Solved, And Why The US Housing Crisis Is About To Get Much Worse" explaining why the Fed is about to make a historic mistake and unleash an even more acute housing crisis if it hikes into an economy where the only core inflationary "impulse" if that from rent inflation, at a time when median real household incomes have tumbled to levels last seen in 1989.

As I explained in July, one major problem is the Fed's measures of inflation are wrong, if not with malicious intent, then purely due to definitional purposes. But a bigger problem for the Fed's measures of how the overall economy is doing (and/or overheating) is that the Fed telling the vast majority of Americans that inflation is negligible, leads to riotous laughter.

The reason for this is a simple, if dramatic, one:

The U.S. transformation from a homeownership society, to one of renters.

In fact, the only age group that has seen an increase in homeownership in the "New Normal" are those aged 65 and over! If you would like to receive this in depth report showing you first hand why the rental market is just beginning write me with your email address.