U.S.’s 62.9% homeownership rate at a 51-year low
This was caused by the real estate market meltdown that begun nearly a decade ago, which was all instigated by the very aggressive Federal Reserve policy that occurred after the 9/11 attacks, The crisis affected primarily the newer buyers (minorities and younger people), who paid top dollar; while those with wealth and experience benefited. Will the Federal Reserve make the same mistakes again? If so, you can count on the same sectors to pay the price, while those who understand the game will reap big profits again. Pretty shameful.