{"id":22316,"date":"2015-01-30T10:00:48","date_gmt":"2015-01-30T15:00:48","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=22316"},"modified":"2015-01-30T10:04:33","modified_gmt":"2015-01-30T15:04:33","slug":"the-obama-recovery-home-ownership-fell-again-in-2014","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/22316\/the-obama-recovery-home-ownership-fell-again-in-2014\/","title":{"rendered":"The Obama &#8220;Recovery&#8221;:  Home Ownership Fell Again in 2014"},"content":{"rendered":"<p>In our Liberty Update this week, we highlight <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/54-state-of-affairs\/2450-the-obama-record-us-stagnates-in-annual-index-of-global-economic-freedom\" target=\"_blank\">two panoramic measures<\/a> of the Obama Administration&#8217;s failed presidency: \u00a0the long-term plummet in U.S. economic freedom compared to the rest of the world, and the fact that more Americans today than in January 2009 consider the U.S. a nation in decline. \u00a0That wasn&#8217;t supposed to happen under Obama&#8217;s magical leadership.<\/p>\n<p>Today, the Commerce Department released a more particularized measure of the Obama Administration&#8217;s <a href=\"http:\/\/www.wsj.com\/articles\/homeowner-rate-falls-to-a-level-seen-in-94-1422592057\" target=\"_blank\">failure<\/a>:<\/p>\n<blockquote><p>The U.S. home ownership rate fell to its lowest level in 20 years at the end of 2014 &#8211; a level last seen when national leaders embarked on a broad push to expand home ownership in the mid-1990s. \u00a0Estimates published Thursday show that, after adjusting for seasonal factors, 63.9% of U.S. households owned their homes in the fourth quarter, a rate last recorded in 1994, according to the Commerce Department. \u00a0Home ownership hasn&#8217;t fallen below that level since 1988. \u00a0The rate stood at 65.1% at the end of 2013.&#8221;<\/p><\/blockquote>\n<p>Accordingly, ownership isn&#8217;t just down since the government-inflated housing bubble burst almost ten years ago, or even since the recession officially ended all the way back in June 2009. \u00a0It&#8217;s down over the past year, despite the supposed Obama economic recovery. \u00a0Home ownership obviously rose too high during the bubble, as the result of <a href=\"http:\/\/townhall.com\/columnists\/michaelbarone\/2015\/01\/20\/government-created-the-housing-bubble-and-financial-crisis--and-could-be-doing-so-again-n1945225\" target=\"_blank\">government-imposed mandates<\/a> and too easy credit, but the fact that it declined since even last January 1 offers a reminder of the sluggishness of the economy under Obama.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our Liberty Update this week, we highlight two panoramic measures of the Obama Administration&#8217;s failed presidency: \u00a0the long-term plummet in U.S. economic freedom compared to the rest of the world, and the fact that more Americans today than in January 2009 consider the U.S. a nation in decline. \u00a0That wasn&#8217;t supposed to happen under [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4649,3859,24],"class_list":["post-22316","post","type-post","status-publish","format-standard","hentry","category-posts","tag-home-ownership","tag-housing","tag-obama"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=22316"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22316\/revisions"}],"predecessor-version":[{"id":22323,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22316\/revisions\/22323"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=22316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=22316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=22316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}