WOW!
The AP now admits the truth. Back in 2008, it was "racist" to claim that risky loans to minorities who demanded loans while calling welfare and Food Stamps as "income" caused this crisis.
Who voted for Obama?
Be careful what you ask for.
70% was too high. The current number is right. Many people should be renting, because they should not be tied down to a home, and the inefficiencies of selling it in short order.
The headline should read:
Home Ownership Rate Returns to Normal
That is because the destructive liberal socialist policies have made minorities, and to some extent women, greatly dependent on tax payers handouts and when the producers are hurt in an economic crisis then minorities and women would be hurt even worse.
Is all this really the result of people buying houses they cannot afford? The American people are always looking to Washington, D.C., “for a break” and “for fairness.”
The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.
You may as well have printed 'biggest drop since 1787!' and it would have been (cough-bs) 'just as true'. Not than anyone under 40 would know the difference.
The fact of the matter is than before the '1st Great Depression' :-) started in Oct of 1929, not all that many families owned their own homes. They lived in 'big City' Apartments, or on the 'family Farm'. Not until after the recession that followed WWII ended in the 1950's did 'The American Dream' of Home Ownership burst onto the scene and wha-la -- Suburbia was born.
It SUCKED for GIs returning after the War. No job was waiting and housing was non existent. In Chicago, things called Garden Apartments sprung up. Which were nothing but single family House Basements converted into a living space. And those living spaces were pretty sparse (I know). Other GIs had to move back in with Mom and Dad (w/ their new GI Bride) and sleeping spaces were made of every available square foot.