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Its getting harder for U.S. families to buy a home, and thats playing into the hands of rental landlords, said

Starwood Capital Group Chairman Barry Sternlicht.

Prices are skyrocketing, mortgage rates are the highest in more than a decade, and theres a tremendous lack of supply in the housing market, Sternlicht said in an interview Friday at Bloomberg Power Players Miami. Youre seeing a squeeze and now theyll have to rent because they cant afford to buy.

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