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  • Low Home Ownership Rate Hurting the Economy [View article]
    The real problem is rooted in artificially expanding home ownership to its peak of around 69% through horribly loose credit standards; we are now paying the price of inflating home ownership to unsustainable levels through lending to many that should not have been extended credit. There other problems as well.

    The result is that now that we have too many single family homes, too many apartments and too many condominiums, the last thing we need to do is further this structural imbalance by building more homes. Each new home that is built deepens the challenge of those sitting on properties for either sale or rent.
    Oct 05 14:24 pm |Rating: +22 -8 |Link to Comment
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