A Renter or Homeowner Nation?

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Finance Papers
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Finance and Financial Management
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Acolin, Arthur
Goodman, Laurie S
Wachter, Susan M
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Between the 1940s and the 1960s, the U.S. homeownership rate increased by nearly 20 percentage points, from mid-40 to mid-60 percent. The self-amortizing 30-year, fixed-rate mortgage, introduced by the Federal Housing Administration/Veterans Administration (VA—now the U.S. Department of Veterans Affairs) transformed the United States from a nation of renters to a nation of homeowners (Acolin and Wachter, 2015; Fetter, 2013).

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2016-01-01
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Cityscape
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