There was a recent interesting piece in the WSJ regarding U.S. home ownership falling to a 50-year low.
My short take on the issue is that I don't necessarily believe this is a bad thing in and of itself. Home ownership provides an element of stability and a source of equity to borrow against, if required. But at the same time, too many Americans wrap up a substantial portion of their net worth in their homes. For middle-class Americans, it's been upwards of 70%, which goes a decent ways toward explaining why the 2008 financial crisis became so severe for so many Americans. No individual should wrap up the majority of their savings in a single company's stock, so why should an individual do that with respect to their homes?
On top of that, in...
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.