I’d respond to your post, but you sound like a complete douche, and I don’t want to wreck a perfectly nice blog thread getting into a pissing contest. If you want to discuss it further – cewing@mindspring.com.

The only way that could happen is if the class income disparity has also increased – those who own an interest in the fake stock rally are a mighty small percent of households. Nothing else has increased for the rabble…. but they did abandon a lot of debt. Does that come out as a positive in the household net worth charts?

“A majority of the population owning a home made sense when most people had stable jobs and lived in one place for most of their lives. Considering the financial situation of many Americans today, especially young people, renting makes far more sense.’

I have an idea, it’s very old school.

Go to a calculator and figuire out what you can afford on a 15year fixed.
Use that number to go buy a house using a 30 year fixed.
Easy.

Before you say something like “A majority of the population owning a home made sense when most people had stable jobs and lived in one place for most of their lives.” At least look at the household mobility numbers ec….. going back to the 40′s.

Statements like that make you look like a girl that just finished a liberal arts degree.

A majority of the population owning a home made sense when most people had stable jobs and lived in one place for most of their lives. Considering the financial situation of many Americans today, especially young people, renting makes far more sense.

“Are we destined to become a nation of renters, particularly in light of the pain that’s been inflicted by the bursting of the housing bubble? What are the longer-term implications if such a shift is, in fact, taking place?”

First long-term implication started in Jan. “savings/debt reduction” blah blah blah … went through the roof but how much of that was walking away from debt?

Trim tabs had some good data in Q1 & 2 on this, I haven’t kept up on it but if you’re going to post on funds flows fucking post on macro fund flows. You ended with household consolidation, which is sooooooo Q2 08 for any landlord with a brain.

You end your post with a list of questions that should have an, IMHO chart/ statement after each.

Let’s rock!!!!!!!!!!!!!! This is The Big Picture.

I keep an eye out for your post,
Thank you for posting your thoughts.

A few months ago the comments went pretty “Yahoo message Board”, so I started talking shit in a hope that commenters would realize this blog has a higher standard shit-talkers.

We need a further leg down in real-estate (in many cities, especially on the coasts) to drive down prices so mortgages are at most 25% of gross income, we have a way to go.