Homeownership falls again

Homeownership has been falling since 2004 when it reached 69.3. It fell to 68.1 from 68.3 in prior three months.

Of course, you won't hear President Bush or Henry PaulSIV talk about the falling rate any time soon.

Fed Bank of Atlanta did a study that found that 70% increase over the decade was due to introduction of new(Dare I Say Exotic?) mortgages. Note to Fed: Please stop wasting our tax dollars on these studies. Anyone with a pulse could have told you that the increases were due to mortgages!

http://bloomberg.com/apps/news?pid=20601087&sid=a6RQFLs4H9QI&refer=home