So he had 7 years to turn that around. 50 years!!!!! LOL
You’re such an Obama sheep.
Home ownership rates have been going down since 2004.
Why is a higher home ownership rate a good thing?
Because it helps the economy as people buy stuff at Home Depot, hire contractors for home improvement jobs, hire plumbers to fix leaky faucets, hire lawn maintenance people, etc. Consumer spending is what really boosts the economy more than any other factor. As home owner you know that shit always needs to get done.
All those things happen when someone rents a house. Only difference is who is paying.
Home ownership slowed the recovery from the 2008 recession as people could not move to where the jobs were due to not being able to sell their homes.
Today’s society is more mobile, the days of working for one company in the same town are over.
Except under Trump it is increasing. If I rent I doubt I'll hire a lawn guy or buy a new toilet or paint or hire a contractor to expand.
One half of one percentage point growth under Trump, and the trend up started before Trump.
And the rates are declining so far in 2019.
When you rent out a house you have to pay to have it fixed up after each renter, adding money to the economy. The renter has to keep the grass mowed and is just as likely to pay for it as the owner