As recently as eight years ago home ownership was at an all-time high. Part of the reason for that of course was government intervention. Democrats came to the conclusion that home ownership was a right of everybody and it was government job to help everybody get a home. So they did away with the traditional requirements of getting a mortgage.
They made it so easy to get a home that people who had no business getting a home got one anyhow-thank you federal government!
This ultimately led to the collapse of the housing market led by literally millions of foreclosures on those same homeowners.
Most of these homeowners were then forced out of their homes. They needed a place to stay. So an unintended consequence of all this has been a rise in the demand for apartments.
Apartment complex owners are enjoying record high occupancy rates.
For those people who … Read More