2009-09-03 — businessinsider.com
"In his analysis of the "new normal," PIMCO chief Bill Gross discussed the declining rate of homeownership in America -- an obvious phenomenon, given what we're going through in this economy. But we still have a long way to go to get to where we were the boom started, and we might even go further down than that. Nobody believes in the homeownership myth anymore,..."
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catherine at 22:00 2009-09-03 said:
HE IS RIGHT ON..............this explains why it was the early 50s before home ownership was the dream again after the Depression..........he is the first guy publicly to start talking about this but not the last for sure AND WHEN THE COUNTRY REALIZES THAT IT JUST ISN'T A SMART "INVESTMENT" our troubles in the industry will really start. "Rent to own" will be here very shortly....... Permalinkadd a comment | go to forum thread
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