Contrary to the doomerism media and social media, owner occupied home units are at near historical highs.
Way back in the first part of the 20th century, it was argued that “owning a home would make people more invested in their communities, more law-abiding, and more economically responsible.” The FHA in the 50s said home ownership made people “better citizens”.
This belief that home ownership would lead to better citizens has shaped US housing policy for about 100 years.
Contrary to the doomerism media and social media, owner occupied housing is near historical highs. It peaked around 2005-2007 during the subprime loan scandals, zero down nonsense, bank collapses.
