Three mega trends are rapidly changing our society in ways which few appreciate.
First, a fascinating phenomenon is happening. Housing computers and cell towers is becoming more profitable than housing people. It is faster growing, and interestingly, the industry is far more concentrated than those for human housing.
For example, SBAC (SBAC), American Tower (AMT), and Crown Castle (CCI) dominate when it comes to leasing cell towers. Imagine if only three companies dominated when it came to housing humans. Here is their performance since 2005 vs. the Vanguard REIT