Housing and Capitalism

Just listened to the umpteenth report from a housing expert talking about the lack of available housing for those interested in buying. This would have been an impossible thought 18 months ago, yet here we are today. Institutionas have been snapping up massive amounts of houses, fixing them up and renting them. Additionally, homes that were underwater in terms of their value visa vis the underlying mortage are now emerging as in the money equations. Finally, low interest rates and more confident consumers mean more demand for what is increasingly hard to find. So now we can look forward to a mterial bump in housing starts which will be massively stimulative to the conomy. Oh the beauty of capitalism.