'Thank' the statists: Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

The percentage of Americans that own a home has fallen to the lowest level ever recorded. During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965.

'Thank' the statists: Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever Abandoned-House-Public-Domain-460x427

'Thank' the statists: Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever Abandoned-House-Public-Domain-460x427

This is not what a “recovery” looks like. All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller. The reason for this, of course, is that the middle class in America is dying. Last year, we learned that middle class Americans now make up a minority of the population for the first time ever. In order to have a high rate of homeownership, you need a thriving middle class, and you can’t have a thriving middle class without good paying middle class jobs. This is why I write about the evisceration of the middle class so extensively, because the U.S. economy is systematically being hollowed out and most Americans don’t understand what is happening.
Traditionally, owning a home has been a sign that you have arrived as a member of the middle class, but under Barack Obama the percentage of Americans that own a home has fallen every single year. In the past, we have talked about how it had fallen to the lowest level in decades, but now it has officially fallen to the lowest level ever. The following comes from CNBC…

http://theeconomiccollapseblog.com/archives/bye-bye-middle-class-the-rate-of-homeownership-in-the-united-states-has-hit-the-lowest-level-ever

'Thank' the statists: Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

'Thank' the statists: Bye Bye Middle Class: The Rate Of Homeownership In The United States Has Hit The Lowest Level Ever

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