When big money chases rentals -- Fed pushing large money investors into becoming landlords.

Higher rents merely squeeze Americans further given that Census data shows that household incomes have fallen once again. At a presentation a few months ago some private equity investors were buying up apartments in Southern California built in the 1970s, making them more modern and pushing up rents by 7 to 10 percent. Thanks to the Fed, a larger crowding out is occurring and rents are simply another push on the inflation front since OER is the biggest component of the CPI.