"with home ownership at record levels"
- and home foreclosures at record levels
- and the percentage of home ownership (i.e., how much of the house you actually own) at record low levels
"Home ownership" is an oxymoron in this country. Most people own only a portion of the home, the bank owns most of it.
How is it then that the average American household has about 57% equity in their home? Is 57% how you define portion?
Record levels? Explain? Is it a record in strictly numerical terms or is it a record as seen in the % of homes in foreclosure. It makes a difference you know.
- and the percentage of home ownership (i.e., how much of the house you actually own) at record low levels"
Like to see some links to your sources, if you have any.
Not even that. We are merely stewards for the State. We pay the insurance, the upkeep and pay to improve the property under the eagle eye of the REAL owner. If we fail to pay our yearly rent, even after we've finished paying the bank, the REAL owner takes back HIS property.