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Apr
13
How Can It Be?
Filed Under economy
Homeownership rates
still higher than in the 1990s
Despite the constant drumbeat about an ever worsening economy that will send all of us to the breadlines of the Great Depression because we’re all going to lose our homes, comes news that homeownership rates are still higher now — even in the midst of the “subprime crisis” — than they were during the Clinton years.
Writes George Will:
So far during this “crisis,” the homeownership rate has declined just three-tenths of 1 percent since it peaked in 2004. At 67.8 percent, it remains higher than it was when President Bill Clinton left office.
Will does ask a good question at the end of his column — when will people burdened by student loans rise up and demand their relief from the government? Why not throw that into the mix along with taxpayer paid health care and all of the other goodies that everyone wants but doesn’t want to pay for?
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