In response to:

The Long Run Decline in Actual Homeownership

Nik L Wrote: Feb 12, 2013 8:25 AM
With zero/little-down mortgages readily made, some buyers have no skin in the game & are, therefore, far less likely to maintain the property (& are trained to think that government satisfies all needs). Further, the effective lowering of the cost of home ownership made possible by such mortgages has greatly increased demand, which caused prices to rise. So, the government’s plan for “making home ownership more affordable” has had exactly the opposite (& predicted) effect. And ALL taxpayers suffer to clean up the mess. The truly sad thing is that the politicians who dream all this up couldn’t have cared less about the woeful non-home-owning population – they cared only for getting re-elected by buying votes using taxpayers’ money.

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...