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Old 10-21-2008, 04:59 PM
Professor Donald Trump Professor Donald Trump is offline
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Default What Percentage of Americans own their home?

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Owning a home is an important part of the American dream. During National Homeownership Month, we raise awareness of homeownership and encourage more Americans to consider the benefits of owning their own home.

Nearly 70 percent of Americans enjoy the satisfaction of owning their own home, and my Administration continues to promote an ownership society where the promise of America reaches all our citizens. The American Dream Downpayment Act of 2003 is helping thousands of low to moderate income and minority families with downpayment and closing costs, which represent the greatest barrier to homeownership. Since 2002, when I announced our goal to help 5.5 million minorities become homeowners by the end of this decade, the rate of minority homeownership has climbed above 50 percent, and more than 2.5 million minority families have become new homeowners. My Administration will continue to provide counseling and assistance for new homebuyers and expand homeownership opportunities for all Americans.
http://www.whitehouse.gov/news/relea...0060524-6.html

This is from 2006. I've heard that 70% thrown around other places too. I find that hard to believe. Is it really around 70%? Does it count as owning your home if you are still paying the loan off?
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Old 10-21-2008, 05:00 PM
Professor Donald Trump Professor Donald Trump is offline
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Oh, and aren't these things Bush was talking about in 2006 being used against the Dems this election?
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Old 10-21-2008, 05:01 PM
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whisper whisper is offline
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Originally Posted by Professor Donald Trump View Post
Is it really around 70%?
Its probably lower now...

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Does it count as owning your home if you are still paying the loan off?
Yep.
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Old 10-21-2008, 05:04 PM
Professor Donald Trump Professor Donald Trump is offline
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Originally Posted by whisper View Post
Its probably lower now...



Yep.
I wonder what percentage of Americans have paid their home off?
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"There are 100,000 total marijuana smokers in the US, and most are Negroes, Hispanics, Filipinos and entertainers. Their Satanic music, jazz and swing, result from marijuana usage. This marijuana causes white women to seek sexual relations with Negroes, entertainers and any others."
- Harry Anslinger, testifying to Congress, 1937
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Old 10-21-2008, 05:04 PM
Barbara Barbara is offline
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Originally Posted by Professor Donald Trump View Post
http://www.whitehouse.gov/news/relea...0060524-6.html

Does it count as owning your home if you are still paying the loan off?
I'm not sure what the number is, but any number you see will include people with a mortgage. The number of people who own their home outright is pretty small.
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Old 10-21-2008, 05:14 PM
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Brad Gile Brad Gile is offline
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I wonder what percentage of Americans have paid their home off?
I have no idea, but I sold some stock to pay mine off 18 months ago.
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Old 10-21-2008, 05:26 PM
Lucy
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I have no idea, but I sold some stock to pay mine off 18 months ago.
I didn't, and am wondering if I'll regret that.
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Old 10-22-2008, 08:19 AM
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If you owe the bank a lot of money, you have the bank by the balls.
If you owe the bank a little money, the bank has you by the balls.
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Old 10-22-2008, 08:56 AM
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the BS method the BS method is offline
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It's funny. When I was first out of college I couldn't even get a credit card.

I can't believe that after irresponsible gov't programs having a direct affect on the recession we're in, the "solution" is to increase irresponsible government intervention.
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