quote:
Home ownership by Americans has receded back to 1967 levels. It's taken Obama just 6 years to regress Americans standard of living 48.
Y'all are engaged in generation squabbling but the very worst part of the disaster has happened in the last 6 years. "The problem with socialism is sooner or later you run out of other people's money" Margret Thacher.
why do people bring up home ownership over and over again like it's the only story?
A HUGE reason why home ownership is receding is because in the last decade people are choosing more and more to live in denser urban spaces. This isn't the 60s anymore where the "dream" is to own a little house with a white picket fence. With the cleaning up and revitalization of urban centers it's increasingly desirable to live in more urban places, which means apartments. Do you think people renting $3000 a month apartments in downtown Dallas do so because they can't afford to buy a house?
Another HUGE driver of people choosing to living in apartments instead of houses is, and this is gonna really piss off TexAgs, higher oil prices. Expensive oil means that houses are disproportionately expensive to heat in the winter and cool in the summer. It also means gasoline is more expensive, so people are less inclined to buy houses in the suburbs where they have to fork over hundreds of dollars a month to buy gas to drive too and from work, when they can rent really nice apartments closer to work. But let's just ignore that, since the TexAgs hive mind goes all chicken little whenever oil drops a few bucks.
I'm not saying there aren't economic reasons that push home ownership down and that the government isn't at least partially to blame, but decreased home ownership is hardly the smoking gun that certain people like to trot it out as.