American nightmare: Home ownership at 48-year low

Freewill

Platinum Member
Oct 26, 2011
31,158
5,073
Well Obama promised change, and we sure got it. Good (sic) thing is that now Ed can pee in the woman's room.

American nightmare: Home ownership at 48-year low


Home ownership is at a 48-year low, driven in part by a shocking pattern of foreclosure that put 9.4 million out of their homes during the recent recession, according to a Harvard survey.

In its "State of the Nation's Housing 2016," Harvard said that "the U.S. homeownership rate has tumbled to its lowest level in nearly a half-century."

Figures from the St. Louis Fed showed a homeownership rate of 63.5 percent. The last time it was lower was in 1967.
 
Healthy home onwership is part of moral capitalism that raises all boats on a solid tide of prosperity.
 

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