In response to:

The Long Run Decline in Actual Homeownership

Joe 145 Wrote: Feb 12, 2013 8:47 AM
The worst part (For me) is the taxes upon home ownership. I have lived in my house for less than 15 years and my taxes already exceed my mortgage, including insurance. This is where the government takes away wealth. Tax the property until the government owns it.
Dr_Zinj Wrote: Feb 12, 2013 11:26 AM
I live in New Hampshire and I second that. Property taxes are the best way to seize people's wealth and eventually impoverish them.

It would be far more accurate to label U.S. federal homeownership policy, U.S. mortgage policy.  For the primary means of “extending” homeownership, via federal policy, has been the massive increase in mortgage debt.  Sadly the actual trend increase in homeownership has been close to nothing since 1960. 

If the ultimate intent of housing policy is to help build wealth and enable families to have something to pass along to future generations, then the right measure should be home equity.  Even better measure would be the percent of homeowners...