Mark Kiesel is thinking of selling his California home and becoming a renter. Families looking to buy a home make want to take heed.
According to Bloomberg, he purchased his home in Orange County for $2.9 million back then. Today, its value is estimated to be around $5.5 million, according to Redfin RDFN, -7.39%. Kiesel’s stance differs from that of the company he works for. In a March note, Pimco analysts argued that the current housing cycle is different from the last one, because the broader housing industry was so heavily scarred by the last crash. “U.S. housing should remain supported over the long term by two pillars: a secular shortage of housing units and resilient, delevered borrowers,” they wrote.
These clowns are trying to convince Americans to give up their homes so their companies can own them and rent them back to the people that sold them. The financier’s SSAS model.
Leave it to MW to follow the government lead to try to encourage all of us to just rent so that we can own nothing and like it…..
That is bull💩… Owning your home is better than renting where you are subject to the whims of your landlord…
He fuckin rich