đź“š View in PSE Archive
Summary
Phil’s Christmas Eve postcard introduces the “Rent, Run, Riot” framing for the final phase of the real estate cycle: rent (economic rent accumulation), run (speculative excess and mania), and riot (the eventual crash and social disorder).
Key Claims
- The “Rent, Run, Riot” framework describes the final phase of the real estate cycle. — confidence: high
- We are heading into the “Rent, Run, Riot” phase as of late 2024. — confidence: high