Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low

Tuesday, April 29, 2014
By Paul Martin

by Tyler Durden

The US non-recovery summarized in a nutshell: nobody can afford to buy anymore, so everyone is forced to rent. The result: homeownership rate plunging to 19 year lows, while median asking rents just soared to a new all time high. Thank you Ben Bernanke for the “New Normal American Dream.”

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