That's true and in many cases it's a good thing.
However, being of gloomy disposition, I see the dark side. A lot of people have taken out screwy mortgages and a lot of people for reasons of ego or temporary insanity, have bought more home than they can reasonably expect to maintain.
Facts are stubborn things, anecdotal information or emotions (gloomy disposition) aside. An uninformed opinion is just that.
See my tagline. I call them homeholders because they don't own anything. The government issues them a "title" that enables the government to collect rent on the property. Many of the newer homeholders that the WH brags about are bagholders in the recent property price runup ponzi scheme. Even inner city prices here (Washington DC) are unbelievable.