Re: yup love me that obamacare
I realize that most Americans will spend their entire lives without owning a home.
wrong:
For starters, the ability of regular folks to buy a home is a relatively new phenomenon in the timeline of American history. "As recently as the 1930s, fewer than 40 percent of adults in American households owned their homes," says Robert Hockett, a law professor at Cornell University in Ithaca, N.Y., who studies organizational and financial law and economics. Only after the Hoover and Roosevelt administration made regulatory changes in the home mortgage industry did the homeownership rate go up.
The housing bubble also exaggerated the rate. From a high of 69.2 percent in 2004, the share of Americans who own their home has fallen to 66.4 percent, which is still a percentage point or two above the rates that predominated from the mid-1960s through the mid-'90s.
http://www.csmonitor...-for-rental-homes