Stuart Gabriel and Stuart Rosenthal have released a new report on housing trends in the U.S. “They found that the increase in the homeownership rate in the middle of the last decade extended to all age groups but was most pronounced among individuals under age 30. These increases coincided with looser credit conditions that enhanced household access to mortgage credit, along with less risk-averse attitudes toward investment in homeownership. Following the crash, these trends have reversed and homeownership rates have largely reverted to the levels of 2000.”
The rent versus own decision is too “discrete”. Why must you own 0% of it or 100%? Would our economy be in better shape if you could own 33% of your home or 78% of your home? For some specific details about what I have in mind, you can read this. or this.