Posted by Jed Lewison on Sun Nov 18, 2007 at 8:16 AM Pacific

Homeownership and race under George W. Bush

Homeownership_and_race

When George W. Bush took office, the national homeownership rate was 67.5% -- 72.4% for white non-Hispanics and 46.3% for blacks. Today, the national homeownership rate is 68.2% - 75.3% for white non-Hispanics and 46.7% for blacks.

Put another way, when Bush took office:

32.5% of Americans did not own a home
27.6% of white non-Hispanics did not own a home
53.7% of blacks did not own a home

Today:

31.8% of Americans don't own a home (down 2.2%)
24.7% of white non-Hispanics don't own a home (down 10.5%)
53.3% of black don't own a home (down 0.7%)

Meanwhile, pricks like Angelo Mozilo - who has "earned" $410 million as CEO of Countrywide - somehow blame minorities for the mortgage crisis.

This is Ronald Reagan's America.