I don’t understand how the home ownership rate in 1965 was as high as it is now. Nice houses in the best parts of Southern California sold for much less than $40,000 in 1972. Those same houses today sell for more than $1.5 million.
oops. I meant to say that I don’t understand how the home ownership rate in 1965 is as LOW as it is today. In 1965 it was easy to buy a house.