“Social engineering may aim to create stronger citizens, but it usually ends up producing weaker people.”
Tim Cavanaugh in the October 2009 edition of Reason in an article entitled “The Ownership Society”.
Tim explains how federal programs aiming to increase home ownership have ended up reducing the average American home equity. The percent of people who own homes has grown but the percent of their homes that they actually own has shrunk from 58.4%in 2002 to 41.4% in 2009. In 1985 it was as high as 70%.