According to Kirk Nace, "It's not out of the question that we will, over the next 5 years or so, see the overall nationwide rate drop into the low 50's. this is a pendulum and when we look historically we see 60-62% being a stable rate for homeownership. The pendulum had swung to nearly 70% and will in all likelihood swing back to at least the mid 50's, but with the aging of Baby Boomers I expect it bottoming somewhere between 45-52%."
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