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Ecess supply of housing units

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Barclays emerging markets (USD) aggregate total return index since 1993

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Is housing a good inflation hedge?

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Renting is not a great solution

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Inflation stocks grounded in the 1970's while commodities took off

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Gold has beaten the market so far this century

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Year-round vacant housing units as a % of total year-round vacant inventory

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Homeownership and housing vacancy rates since 1960

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S&P 500 bear markets and the current downturn, declines and duration

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Average monthly US equity market returns 1971-2021

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