[And still headed down]
http://krugman.blogs.nytimes.com/2008/01/30/the-ownership-society/
January 30, 2008, 12:01 pm
The ownership society
Not.
The homeownership rate has fallen sharply again. At this point it's
back down to levels of fall 2001.
Two implications.
First, everything you've heard about how subprime lending at least made
the dream of homeownership available to many Americans who were
previously excluded -- never mind. We're back down to homeownership
rates before the subprime boom.
Second, it's now virtually certain that by the end of the Bush
administration homeownership will be lower than it was at the
beginning. More of that economy other presidents would envy, I guess.