The statement is not accurate either. The conversion of 80,000 homes from owner occupied status to investor status would be picked up as a large decline in the homeownership rate. The homeownership rate as measured by the federal reserve has been increasing since Q1 2016. Last quarter it dropped 0.1%, hardly a sign of a housing catastrophe.
Written by Anatta
Buddhist practitioner and writer. My autistic son is the focus of my spiritual practice. He inspires me with his love and companionship.