Don’t let the ups and down of the graph fool you. The percentage of homeowners in the United States has remained in the narrow 62%-69% range for at least the past 70 years.
Column graph: Ruby Home
Headline: New York Times,
Matthew Goldstein reports:
“Homes are built for people, not for corporations,” Mr. Trump said in a speech last month in Davos, Switzerland. “America will not become a nation of renters.”
But buried in Mr. Trump’s recently announced executive order that seeks to bar large investors from acquiring single-family homes is an exemption that allows them to build homes for renting out.
These build-to-rent housing communities are a growing niche of the market and involve some of the same Wall Street landlords that Mr. Trump has blamed for preventing average Americans from owning their own homes. [emphasis added]
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