[Nachum]

Full title: The New Normal American Dream: Homeownership Rate Plunges To 19 Year Low; Asking Rents Soar To Record High

A chicken in every pot.

[Nachum]

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[DannyTN]

Where will they store the cheap imports they bought?

[Vigilanteman]

Oh goody! We're becoming more like socialist Europe where the best average standard of living is somewhat worse than Arkansas. < / sarcasm >

[Trapped Behind Enemy Lines]

Millions of young people buried in student loan debt in no position to be taking out mortgages.

[Theoria]

Heh. ‘They’ certainly interchange having a mortgage and owning a home as the same thing.

[RegulatorCountry]

In the real world, renting is supposed to be more expensive than buying an equivalent property. The past decade was an anomaly. People have bailed on houses due to the crash, young people aren't buying for the first time either, because they can't or it has seemed like a bad bet. The demand shifted to rentals. So, rents have increased.

[VRWC For Truth]

Bankers suck along with lawyers. Get used to it.

[Atlas Sneezed]

The rent chart looks like a 4% inflation rate to me. Big deal.

The home ownership graph looks like those who shouldn’t have owned homes during the boom no longer own them. As it should be.

[txrefugee]

What do you expect when the currency has been devalued by 30%?

[Buckeye McFrog]

National candidates running on a platform of rent control cannot be far behind.

[GraceG]

Part of my “Economic SHTF Plan” is in case of a slow decline, I shall help house several of my more “reliable friends” and use their rent to help pay for my mortage incase I am unemployed/downsized/furloughed...

[Nea Wood]

I was looking for an apartment in LA and finding that basic one-bedrooms were going for $1,200 to $1,600 a month.

[VerySadAmerican]

None of these stats matter. Like my wife said, when you like all of the time you sometimes forget what you’ve said and every now and then the truth slips out. The government is constantly lying about the economy, housing, unemployment, etc. One day HOME SALES ARE UP! and the next day HOME OWNERSHIP IS DOWN! So, do we really know?

[Wuli]

we ought to say - so what???

increased home ownership has NOT been part of greater savings and a greater level of savings and equity over debt; quite the opposite has happened, personal debt, in mortgages and otherwise has outstripped savings and “equity” held by Americans, while the financial industries have become mega income earners in the economy

many people are not well positioned financially for home ownership except to get into a home they cannot afford the upkeep and maintenance on as they manage to keep up with mortgage payments, but not much else of their home’s needs

many people are better off financially renting a place that is not an ideal size but has a rent rate that leaves a very nice cushion for their expenses

the biggest development that has gone along with increased home ownership after WWII was an increase in how many people have over-extended themselves financially, just to be a “home owner”