Friday, July 31, 2015

Death of the American Dream: Home ownership falls to lowest level in nearly 50 years

When it comes to both the government and the Federal Reserve, trusting any program to either of these agencies is a sure fire way to destroy an industry.  And just as former Fed Chairman Alan Greenspan helped create the housing bubble that burst confidence in home ownership, the latter two central bank heads have finally killed it entirely.
On July 27, the U.S. Census issued its most recent home ownership data, with the results showing that Americans owning a primary residence are now down to the point where ownership is at levels not seen in nearly 50 years.
 

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