Record Low Home Owners, Rents Go Up, Bill Clinton's Housing Scam

This chart is not my chart but I understand it because I know the history.  Luckily the website allows hotlinking so I can share it.  The original article can be found at https://confoundedinterest.wordpress.com.  The yellow line reflects Medium Asking Rent and the white line is US Homeownership Rate.  Not only is there a housing crisis --- we have rental crisis. 

This chart shows that homeownership rate since the economic collapse has went back to where it started when Bill Clinton loosed the requirement to get loans. People applying for a home mortgage where allowed to liberally put down what ever on their home applications and still qualify.  They called these modified requirements "liar loans" (buzzword) and it is one of the primary causes of the Housing Collapse.  That's not the only reason I'm showing this chart.   This chart shows that not only is there no recovery, there is a rental crisis, because now people who lost their homes cannot qualify for homes so they have to rent. 

What Clinton did "in the name of the poor and equality" made the poor more of a slave to the haves.. The haves and have nots were further seperated rather than the playing field being leveled as promised or any equality -- all that "equality" went to the bank.  Most of the poor that could not afford the loans went into further debt, many foreclosed or went bankrupt, and now have damaged credit as a final result.  It was irrational for the poor to buy things they could not afford and expect to keep it.    

In the money world they do things for a reason and that reason is never a gift.  So be careful what politicians like Bill Clinton offer as gifts for the poor --- not too much farther down the line you will end up with much less and you won't get to keep your gift as history has proved.   A life time investment is now just a pipe dream and further enslavement to rents. 

https://en.wikipedia.org/wiki/Community_Reinvestment_Act