In response to:

The Long Run Decline in Actual Homeownership

Proud PA Hillbilly Wrote: Feb 12, 2013 7:15 AM
Redlining programs began about the early 80's and kept getting sillier and more foolish. New regulations to relax mortgage requirements went way too far. I saw mostly that irresponsible people were rewarded. Bankers are good at risk evaluation and should not have been hamstrung with unworkable regulations. (BTW - blaming Bush is a pathetic - it started much earlier than that)

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...