Finance Papers

Document Type

Journal Article

Date of this Version

2016

Publication Source

Cityscape

Volume

18

Issue

1

Start Page

9

Abstract

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).

Copyright/Permission Statement

Acolin, A., Goodman, L. S., & Wachter, S. M. (2016). A Renter or Homeowner Nation? A Renter or Homeowner Nation?, 18(1). © U.S. Department of Housing and Urban Development

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Date Posted: 27 November 2017

This document has been peer reviewed.