Trump Calls a Bottom in Homeownership Rate

Trump just won the real estate agent/mortgage broker/home builder vote with the following tweet this morning:

 

Trump_Housing

As is customary with Trump there are no specifics in how he plans to reverse this powerful downtrend in the U.S. homeownership rate. However, if there’s one promise he can deliver on it’s probably this one given that the man has spent his life amassing a fortune in real estate.

Much has been made about this chart of the homeownership rate and while the trend for the last 12 years couldn’t be more clear, the scale of the y-axis on this graph should be noted; this chart makes a 62.9% homeownership appear as if it is close to zero. As we pointed out earlier in the week some mean reversion in homeownership and rental rates appears imminent, however, the situation is no where near as extreme as this chart might lead one to believe.

 

DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher ofEnergyandGold.com. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.comfor important risk disclosures. It’s your money and your responsibility.