No real recovery if middle class shifts to a “rentership society”

Why having more people rent than buy is not a good idea.

July 11, 2014

Forbes contributor Joel Kotkin writes that no real economic recovery will happen if the middle class does not play a big part. He argues that some on Wall Street hope to profit from a perceived shift in America to a “rentership society,” where more people work to pay their landlord’s mortgage instead of building their own equity.