Fascinating charts. I keep coming back to them.
A typo in my previous post. It was the early '80s when I did that analysis.
It's pretty clear the wheels came off with the relaxation of regulations making it
easier for people to purchase property and
harder to keep it.
There was an interesting boost in the number of people who could purchase homes, making it seem the "American Dream" was coming true.
But those numbers were good only if a person could also sell the place. It turned into one giant Ponzi scheme. But the home ownership figures looked good for a while.
Thanks for the charts. I would have never found them.
Arf