Homeownership Falls under the Obama Economy

People keep talking about a “recovery.” The rest of us wonder what they are talking about. Perhaps a “recovery” means the successful inflation of housing prices. “The value of homes has recovered.” Right. So now no one can afford them. Ryan McMaken addresses the issue at Mises.org: “Thanks, Janet Yellen: Homeownership in US Falls to 25-Year Low.” I do not regard homeownership rates as a proxy measure of economic prosperity. But, in the United States, increasing homeownership has long been Read more […]