Tuesday, April 28, 2009
Fewer homeowners in America
The homeownership rate is back to the level of Q2 2000. So much for the homeownership gains of the last 8+ years. Gone. It is almost like the Bush presidency never happened. Well, except for that Iraq thing. And $5 trillion in debt. But other than that, clean slate. The homeowner vacancy rate is (more-or-less) the highest it has ever been; the rental vacancy rate is also the highest on record. People are selling second homes, moving in with family members, cutting back all round. ---- Remember, the UK is behind the US so all this is yet to come for us!