America Moves Toward Renter Society

Posted July 21, 2011

This one ties in closely with what I posted yesterday regarding the decline in home ownership in the country.

The national rate, which stood at 66.4% at the end of March would be just under 60% when you deduct the 7 ½ million delinquent home owners who may be forced into renting.

The lowest home ownership rate on record since the Census Bureau has been keeping records was 61.9 in 1965 and the highest was 69.2 in 2004 at the height of the funny money.

Bloomberg.com News – US Moves to Rentership Society as Owning Tumbles

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