By EconMatters Bloomberg reported that Morgan Stanley (MS) published a research analysis in July 2011 predicting America is well on its way to becoming a renter society amid high rate of mortgage delinquency, foreclosures and liquidations slashing home ownership, while driving up rental demand. Morgan Stanley noted that during the housing bubble, home ownership rates increased from 66% to 69%, an all-time high. Today, that number is just below 65% and that ratio is expected to decline further to 59.7%, driving multifamily vacancies down and rents up: “…..the U.S. will become…
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