‘If fairness is the perceived problem in homeownership today, financial and housing literacy is the solution’
Homeownership backlash is starting now that we’re far into an economic expansion and close to an election.
Does homeownership undermine growth, fairness and public faith in capitalism as The Economist suggested this week? Or is it still the stuff of stable American dreams? Let’s debate a few points.
Socialist Millennials Must Wake Up To Housing Reality
Baby Boomers with a median age of 35 in 1990 owned one-third of America’s real estate by value. In 2019, Millennials with a median age of 31 own just 4%. The Economist said this helps explain why Millennials are embracing socialism.
Yes, the stat is stark, but would-be socialists may already have what they’re embracing.
Socialism is when the government controls companies, and we’ve had an increasing degree of this for decades in American housing as the government has tried to help us.
