Homeownership Drops To 48 Year Low, Median Rent Soars To All Time High, White american employment decimated under Obama, 63.4 percent home ownership rate lowest since 1967, Fewer white americans employed now than 2007

Homeownership Drops To 48 Year Low, Median Rent Soars To All Time High, White american employment decimated under Obama, 63.4 percent home ownership rate lowest since 1967, Fewer white americans employed now than 2007

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

We keep driving this point across.

It explains a lot.

White American employment has been decimated under Obama.

There were more white Americans employed in 2007 than now.

Whites make up approx. 2/3 of the US working age population.

From Zero Hedge July 28, 2015.

“US Middle Class Stays Dead: Homeownership Drops To 48 Year Low; Median Asking Rent Soars To All Time High

Three months ago, just as the last Census Homeownership and residential vacancy report hit, Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if not hundreds of millions of Americans.

According to the poll, the number of Americans who did not currently own a home and say they do not think they will buy a home in “the foreseeable future,” had risen by one third to 41%, vs. “only” 31% two years ago. Non-homeowners’ expectations of buying a house in the next year or five years were unchanged, suggesting little change in the short-term housing market.

As Gallup wryly puts it, “what may have been a longer-term goal for many may now not be a goal at all, and this could have an effect on the longer-term housing market.””

“Earlier today, the US Census released its latest homeownership data, which confirmed that for what is left of America’s middle class, owning a home has become virtually impossible, with the homeownership rate plunging from the lowest level since 1986, or 63.7%, to just 63.4% the lowest reading since the first quarter of 1967.

Three months ago, when compiling this data we said that “at this rate, by the end of the 2015 and certainly by the end of Obama’s second term, the US homeownership rate will drop to the lowest in modern US history.” That moment, as shown on the chart below, came far sooner than ever we had expected. The only question is whether the lowest homeownership print on record reported in 1965 and standing at 62.9% will be taken out in the next 2 quarters or in early 2016.”

homeownership rate Q2 2015

“Yes, it is safe assume that the imminent lowest homeownership print in US history may be the “bottom.”
Still, the ongoing death of the middle class is not bad news to everyone: landlords, of which private equity firm Blackstone recently became the biggest in the US, are reaping unseen profits courtesy of runaway inflation in at least one item: rent.

Because as homeownership falls, demand for rental housing is booming. The vacancy rate for rented homes in the U.S. fell to 6.8% in the first quarter from 7.5% a year earlier. It was the lowest first-quarter rate since 1986.

And the punchline, which should come as no surprise to anyone: the median monthly asking rent just rose to a record $803 across the US.”

Read more:

http://www.zerohedge.com/news/2015-07-28/us-homeownership-drops-48-year-low-median-asking-rent-rises-new-record-high

Advertisements

31 responses to “Homeownership Drops To 48 Year Low, Median Rent Soars To All Time High, White american employment decimated under Obama, 63.4 percent home ownership rate lowest since 1967, Fewer white americans employed now than 2007

  1. citizenwells

    “The fact that “Generation Rent” — 25- to 34-year-olds in the U.S. — isn’t getting off the fence when it comes to buying homes has been well documented. Even with near record-low interest rates, just 38% of this cohort — also known as millennials — owned homes in 2012, according to CoreLogic, compared with nearly 52% of the same age group in 1980, when mortgage rates were in the double digits.”

    “Census Bureau: 30.3% Millennials Still Living With Their Parents”

    https://citizenwells.com/2015/05/28/millenials-renters-not-home-owners-for-good-reasons-high-unemployment-lower-wages-dropping-out-of-labor-force-living-with-family-high-student-debt-white-american-jobs-decimated-by-obama-economy/

  2. citizenwells

    “United Parcel Service Inc. has fired warning shots across the bow of the Federal Reserve and the stock market, by saying on Tuesday that U.S. economic growth appears to be slowing.

    The package-delivery giant’s cautious outlook runs counter to what Fed Chairwoman Janet Yellen said earlier this month, when she told Congress she expects the U.S. economy to keep strengthening enough for the central bank to raise interest rates “at some point this year.””

    http://www.marketwatch.com/story/ups-fires-warning-shot-across-the-bow-of-the-stock-market-and-the-fed-2015-07-28?dist=afterbell

  3. Whistleblower

    United Airlines’ illegal abatement at former World Headquarters exposing employees to airborne asbestos fibers

    http://illinoispaytoplay.com/2015/07/27/united-airlines-illegal-abatement-at-former-world-headquarters-exposing-employees-to-airborne-asbestos-fibers/

  4. Gowdy and Palin in a Trump cabinet? Ms Jarrett you better get working on your plan to neutralize Mr. Trump, or spend the rest of your life in prison.

  5. oldsoldier79

    “PROLONGED DETENTION” +GEORGE ORWELL + BARACK OBAMA

  6. oldsoldier79

    NOBODY IS BORN A RACIST…..

    AND NO BODY IS BORN GAY !
    They are both learned traits…….

  7. I’m really depressed today…..
    .
    Obama went to Kenya and couldn’t find his birth certificate.

    It’s truly a sad, sad day.

  8. OT but important info:
    CDC Should Admit Coverup of Vaccine-Autism Link: Top Doctor

    http://www.newsmax.com/Health/Health-News/CDC-MMR-vaccine-coverup/2015/07/26/id/658993/

  9. bob strauss

    You will NOT BELIEVE who was best man at John Kerry’s daughter’s wedding
    Written by Michele Hickford, Editor-in-Chief on July 28, 2015

    You not might be aware that in 2009, the daughter of Secretary of State John Kerry, Dr. Vanessa Bradford Kerry, John Kerry’s younger daughter by his first wife, married an Iranian-American physician named Dr. Brian (Behrooz) Vala Nahed, an Iranian-American physician.

    Of course you’re not aware of it.

    Brian (Behrooz) Nahed is son of Nooshin and Reza Vala Nahid of Los Angeles. Brian’s Persian birth name is “Behrooz Vala Nahid” but it is now shortened and Americanized in the media to “Brian Nahed.” At the time his engagement to Bradford Kerry, there was rarely any mention of Nahed’s Persian/Iranian ancestry, and even the official wedding announcement in the October 2009 issue of New York Times carefully avoids any reference to Dr. Nahed (Nahid)’s birthplace (which is uncommon in wedding announcements) and starts his biography from his college years.

    Gosh, I wonder why??

    Gee, do you think Secretary Kerry should have recused himself from the negotiations with Iran at the very outset because of his long-standing relationship to his Iranian counter-part, Mohammad Javad Zarif? Let me explain.

    Zarif is the current minister of foreign affairs in the Rouhani administration and has held various significant diplomatic and cabinet posts since the 1990s. He was Kerry’s chief counterpart in the nuclear deal negotiations.

    Secretary Kerry and Zarif first met over a decade ago at a dinner party hosted by George Soros at his Manhattan penthouse. What a surprise. I have to say, connecting the dots gets more and more frightening.

    But it gets even worse. Guess who was the best man at the 2009 wedding between Kerry’s daughter Vanessa and Behrouz Vala Nahed? Javad Zarif’s son.

    Does this bother anyone at all?

    Apparently Kerry only revealed his daughter’s marriage to an Iranian-American once he had taken over as Secretary of State. But the subject never came up in his Senate confirmation hearing, either because Kerry never disclosed it, or because his former colleagues were “too polite” to bring it up.

    As Front Page Magazine pointed out several months ago, the nuclear talks with Iran were a tragic farce, choreographed and orchestrated by Iran.

    And unfortunately, we’re going to have to live with the consequences. At least, I hope we live.

    [Note: This article was written by Michele Hickford, Editor-in-Chief]

    http://allenbwest.com/2015/07/you-will-not-believe-who-was-best-man-at-john-kerrys-daughters-wedding/

  10. bob strauss

    hapnHal | July 28, 2015 at 6:47 pm |

    I’m really depressed today…..
    .
    Obama went to Kenya and couldn’t find his birth certificate.

    It’s truly a sad, sad day.
    ***********

    hapnHal,
    He’s trying to hide it, things are going good for the usurper, but I doubt he will be visiting Egypt anytime soon, they know how to deal with the Muslim Brotherhood.

  11. bob strauss

    CW,
    I bought my first home in 1974, FHA, $5,000 down, @ 9 1/2% interest rate, payment was $470/Mo, including insurance and taxes.

    These days, thanks to interference in the market place by democrats, loan requirements are tougher, houses cost more, and with no jobs, coupled with student loan debt for younger people who thought a sheepskin would make them rich, they don’t have the money to buy anything, and will spend their house payment money paying back student loans.

  12. oldsailor83

    Bob Strauss………
    ………AND NOW……….even trade school graduates are having problems finding full time jobs. MOST JOBS HERE ARE ENTRY LEVEL, AND PART TIME. In spite of being graduates in a particular skill, many are offered only PART TIME JOBS, @ entry level pay. Housing starts are literally PARALYSED, and there is a real downturn in automotive sales,(which also effects automotive allied businesses), some contractors have already gone bankrupt. ………..VERY SPECIAL THANKS TO BARRY SOETORO, AND HIS MORONIC SIDE SHOW! Many young people have bailed out of their financial obligations , and moved back home to mom, and dad. Does anybody remember the TV SHOW called The Waltons where three generations lived under one roof back in the 1920s. I personally think that this could become a way of life in America for a very long time into the future.

  13. Pass this around! Call your rep’s and demand they support Rep. Mark Meadows, R. N.C.

    http://www.foxnews.com/politics/2015/07/28/house-lawmaker-files-motion-to-oust-boehner/

  14. citizenwells

    “Come senators, congressmen
    Please heed the call
    Don’t stand in the doorway
    Don’t block up the hall
    For he that gets hurt
    Will be he who has stalled
    There’s a battle outside ragin’
    It’ll soon shake your windows
    And rattle your walls
    For the times they are a-changin'”

    Bob Dylan – “The Times They Are A-changin”

  15. citizenwells

    “The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers”

    http://www.zerohedge.com/news/2015-07-29/layoffs-return-energy-giants-chevron-saipem-fire-over-10000-workers

  16. Make the call to the Capitol switchboard to remove Boehner
    202-224-3121. Pass it along…Boehner needs to go !

  17. oldsoldier79

    A MESSAGE FROM AN ISLAMIC CONVERT……

    So many times I have heard that the Muslim faith is kind and misunderstood. The more I learn about Islam the more I realize I have misunderstood this deceptive faith. I used to think that Muslims who practiced the faith we’re loving and not a threat. Thank God for the former Muslims who are walking away from this evil cult. Thanks to them we are now beginning to learn just how much Islam has been misunderstood. This is a warning from a former Muslim who can help us understand. We can just call him the Islamic insider. I pray more find the courage to come forward. We all need to have a better understanding of this evil cult.

    God bless each and everyone of you, ……..Shep

    “To the Infidel world:
    I was born and raised as Muslim. My whole family is still Muslim. I know every genetic code of Muslim. I know Islamic brain. I live and breath with them. I am an insider. I left Islam when I understood that Islam is a sick and evil religion. Following are the Islamic message to the West.

    Constitution for the new Islamic Republic of EU and USA is under construction. We will fight the infidel to death.

    Meanwhile American laws will protect us.
    Democrats and Leftists will support us.
    UN will legitimize us.
    CAIR will incubate us.
    ACLU will empower us.
    Western Universities will educate us.
    Mosques will shelter us
    OPEC will finance us
    Hollywood will love us.

    UN will pass politically correct sympathetic statement for Jihadists.

    Our children will immigrate from Pakistan, Egypt, Saudi Arabia, Iran, and Indonesia and even from India to the US and to the other Western countries. They will go to the West for education in full scholarship. America is paying and will continue to pay for our children’s educations and their upbringing in state funded Islamic schools.

    We will use your welfare system. Our children will also send money home while they are preparing for Jihad.

    We will take the advantage of American kindness, gullibility, and compassion. When time comes, we will stab them in the back.

    We will say one thing on the camera and teach another thing to our children at home. We will give subliminal messages to our children to uphold Islam at any cost. Our children in America will always care more about Islamic Country’s interest than US interest.

    We will teach our children Islamic supremacy from the very childhood. We will teach them not to compromise with Infidel. Once we do that from the very early age our children won’t hesitate to be martyr.

    We will take over the Europe first and then US will be the next. We already have a solid ground in the UK, Holland, Sweden, Spain, Italy, Germany, and now in the US.

    Our children will marry Caucasian in Europe and in America. We will mixed with intricate fabric of the Western society but still will remember to Jihad when time comes. Who are we?

    We are the “sleeper cells”.

    We will raise our children to be loyal to Islam and Mohammad only. Everything else is secondary.

    We will use American’s kindness, fairness, compassion, freedom of speech and non-discriminatory policy against them. We will stab them in the back.”

    Read more at http://dcgazette.com/the-islamic-insider-finally-a-former-muslim-speaks-out-2/
    ———————————————————————————————-This is a former Islamic terrorist writing with a warning to the western nations of what is to come….

    Ignore it and you will pay the full price for your stupidity.

  18. VIDEO: We all know that the weapons Iran obtains via the nuclear deal could end up killing Americans. But… Is John Kerry arrogant enough to openly admit that? Holy crap. Yes. He is!

    John Kerry: Iran ‘may’ use weapons from nuke deal to kill Americans
    Treasonous.
    caintv.com

    http://www.caintv.com/john-kerry-iran-may-use-weapon

  19. bob strauss

    Herman Cain, also reporting home ownership story.
    ************************

    http://www.caintv.com/u.s.home-ownership-rate-falls

  20. bob strauss

  21. bob strauss

    Stoned out of his mind, and slurring his words, the usurper talks about himself some more.
    **********

  22. oldsailor83

    Bob Strauss……..
    In large part it is because of a lot of morally, and mentally twisted people in America, both young and old who no longer care about anything except their own pursuits, which is causing most of the deterioration to the American way of life. Some of these people are in leadership positions, and others are in a variety of positions, but the point is they simply no longer care! These people are among America’s worst enemies.

  23. oldsailor83

    Bob Strauss……..
    ………..Soetoro says the “LAW IS THE LAW……… pretty strange words coming from a SERIAL LAWBREAKER!

  24. oldsoldier79

    HERE’S A LIST OF “FIRST” FOR THE 1st USURPER PRESIDENT…

    First President to be photographed smoking a joint.

    First President to apply for college aid as a foreign student, then deny he was a foreigner.

    First President to have a social security number from a state he has never lived in.

    First President to preside over a cut to the credit-rating of the United States.

    First President to violate the War Powers Act.

    First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico.

    First President to require all Americans to purchase a product from a third party.

    First President to spend a trillion dollars on “shovel-ready” jobs when there was no such thing as “shovel-ready” jobs.

    First President to abrogate bankruptcy law to turn over control of companies to his union supporters.

    First President to by-pass Congress and implement the Dream Act through executive fiat.

    First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.

    First President to demand a company hand-over $20 billion to one of his political appointees.

    First President to tell a CEO of a major corporation (Chrysler) to resign.

    First President to terminate America’s ability to put a man in space.

    First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation.

    First President to have a law signed by an auto-pen without being present.

    First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.

    First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases.

    First President to tell a major manufacturing company in which state it is allowed to locate a factory.

    First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).

    First President to withdraw an existing coal permit that had been properly issued years ago.

    First President to actively try to bankrupt an American industry (coal).

    First President to fire an inspector general of AmeriCorps for catching one of his friends in a corruption case.

    First President to appoint 45 czars to replace elected officials in his office.

    First President to surround himself with radical left wing anarchists.

    First President to golf more than 150 separate times in his five years in office.

    First President to hide his birth, medical, educational and travel records.

    First President to win a Nobel Peace Prize for doing NOTHING to earn it.

    First President to go on multiple “global apology tours” and concurrent “insult our friends” tours.

    First President to go on over 17 lavish vacations, in addition to date nights and Wednesday evening White House parties for his friends paid for by the taxpayers. Total dollars spent amount to over 48 million and still counting !

    First President to have personal servants (taxpayer funded) for his wife.
    First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.

    First President to fly in a personal trainer from Chicago at least once a week at taxpayer expense.

    First President to repeat the Quran and tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth.

    First President to side with a foreign nation over one of the American 50 states (Mexico vs Arizona).

    First President to tell the military men and women that they should pay for their own private insurance because they “volunteered to go to war and knew the consequences.”

    Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion.

    It’s hard to comprehend all this guy has gotten away with. Any other president would have been impeached! What in God’s name is wrong with our government that they allow this guy carte blanch? It absolutely boggles the mind !

    Read more at http://patriotnewswire.com/2015/02/stop-bashing-because-heres-a-list-of-obamas-accomplishments-haters/
    ———————————————————————————————-
    Let me add one more FIRST to this list of accomplishments….

    The FIRST (and LAST) half-black (at best) president America will ever have !

    Opppps…I forgot another important FIRST…..

    First half-black president to have as his wife a radical tranny who doesn’t love America !

  25. In my 41 years of military service, I’ve never witnessed such significant shifts in the international security environment as we are seeing all around us today,”

    “The complex array of threats and, let’s call it geopolitical jockeying, requires all of us to contend with an unpredictable landscape.”

    these are words spoken by the Chairman of the Joint Chiefs of Staff, Gen. Martin Dempsey!

    Gee, do ya think it might have something to do with America in retreat? When the leader of the most powerful nation on earth ignores his military advisers and leads from behind, the entire world pays the price.

    That is the result of electing a narcissistic, community organizer for POTUS.
    A man who thinks he can heal the planet and halt the rise of the oceans. Do ya’ll remember his speech….America, this is our moment….?

    The fools that bought into the Hope and Change BS have blood on their hands.. The sad part is they are too stupid to know that.

    Dempsey warns world risks becoming immune to crises
    http://www.foxnews.com/politics/2015/07/29/dempsey-warns-world-risks-becoming-immune-to-crises/?intcmp=hphz12

  26. bob strauss

    Looks like the $hit is about to hit the fan.
    *****************

    Judicial Watch, Inc.

    In a dramatic court hearing today, Judge Sullivan made it clear he would personally hold accountable the IRS Commissioner Koskinen and Justice Department attorneys for any further contempt of his court orders in Judicial Watch FOIA lawsuit.

    The missing and-then-not missing Lois Lerner saga is a stark example of the Obama administration’s contempt for a federal court and the rule of law. That Obama administration officials would risk jail rather than disclose these Lerner documents shows that the IRS scandal has just gotten a whole lot worse.

    *** Please SHARE ***
    SHOCK: Federal Judge Threatens IRS & DOJ Lawyers With Contempt Over Lois Lerner Emails
    A federal judge threatened to hold the IRS Commissioner and DOJ attorneys in contempt after they failed to produce emails of Lois Lerner.
    judicialwatch.org

    http://www.judicialwatch.org/press-room/press-releases/federal-judge-threatens-to-hold-irs-commissioner-doj-lawyers-in-contempt-of-court-over-lerner/

  27. oldsoldier79

    Obama’s REAL Birth Certificate……

    Well it’s as good as any we have seen so far !!!!

  28. Report: Smoking Gun Evidence Revealed Proving Obama
    Birth Certificate Document A Computer Made Forgery!?

    http://www.birtherreport.com/2015/07/report-smoking-gun-evidence-revealed.html#more

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s