No House For You!! June 25, 2016Posted by geoff in News.
Since the President has assured us that we’re doing great economically, I’m sure it’s just residual racism and xenophobia that make me alarmed at certain facts. Such as:
Home ownership is at a 48-year low, driven in part by a shocking pattern of foreclosure that put 9.4 million out of their homes during the recent recession, according to a Harvard survey.
In its “State of the Nation’s Housing 2016,” Harvard said that “the U.S. homeownership rate has tumbled to its lowest level in nearly a half-century.”
Figures from the St. Louis Fed showed a homeownership rate of 63.5 percent. The last time it was lower was in 1967.
Yep, I’ve got a bad case of racism and xenophobia cropping up right now.