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US Homeownership Rates Falls Back To LBJ’s Great Society Levels

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The US homeownership rate keeps falling like a deranged energizer bunny.

It is the lowest since President Lyndon B. Johnson’s administration and his “Great Society” programs.

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LBJ boasted that the Great Society marked a turning point in America’s history, which men will gratefully look back upon and say: “It was then, after a long and weary way, that man turned the exploits of his genius to the full enrichment of his life.”  Hopefully, LBJ wasn’t talking about homeownership — because the US is officially back to where we started in 1965.

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Like the energizer bunny, the homeownership rate keeps going … down. Or as Marie Antoinette could have said “Let them pay rent!”

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