Two cheers for less homeownership

Published August 3, 2015 5:00am ET



Mortgage interest rates remain near record lows today. So does the rate of home ownership, which hit 63.4 percent in July, a 35-year low.

Some people may find this incongruous, even disappointing. They shouldn’t. It’s a sign that a lot of people learned from the recent financial crisis, even if their government still seems perplexed by what happened.

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