In response to:

The Long Run Decline in Actual Homeownership

lastman Wrote: Feb 12, 2013 10:30 PM
Most recent generations have a lot different attitude than was held in our earlier history we were taught frugality. Now, wealth and accumulation through debt is encouraged. Our politicians have been the leading proponents of the philosophy for 80 years now. If it worked we would all be 'living high' with 122 trillion in government unfunded liabilities and another 16 trillion in personal debt. Instead, ............

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...