[sokoloff]

I agree with everything you say except for one point:

> none of which is owned by the average joe

About 66% of US households "own" a home (often with a fixed-rate mortgage, which makes rising inflation doubly good for those homeowners) and 58% of homes are owner-occupied. The median Joe is a homeowner, not a renter.

[rank0]

Yeah you’re right thanks for the correction. I’d rephrase to say among those three categories cumulatively most Americans own very little.