Doug Henwood wrote:
>
> [an archive reader writes...]
>
>
> Home ownership rates were high in poor, rural areas because people
> there didn't have a choice between owning and renting. Rental
> housing was either minimal or non-existent. To me, low rental rates
> reflect market failure...
That is true in the u.s. -- and in reference to small towns (under 50k or so) as well as rural areas & villages. There simply is no rental housing available, so home 'ownership' can NOT be viewed as a choice. One buys or sleeps in the open.
Carrol