FRANK CAGLE ON HOMEOWNERSHIP: America Is Going Back To Being A Renter Nation. “Up until the 1950s, the percentage of homeowners stayed at 40 percent. Aggressive government subsidies drove the percentage in recent years to above 65 percent. The housing ‘industry’ ran out of buyers. A good 35 percent of Americans prefer the freedom of movement and lack of responsibility that comes from being a renter. We will likely return to being maybe a 55 percent homeowner nation.”

Plus this: “We will likely go back to having multi-generational families living in the same house. Can your children buy a house?”

Hope and change!