As you know, in this country Anglo-Americans are about 75 to 76 percent home ownership in this country, where Hispanics, African Americans are less than 50 percent.
I happen to be a big believer in home ownership. I'm also a big believer that if someone wants to have a crack at the mining industry in Port Hedland, then they should be able to collect their... benefits in Port Hedland even though they are from Alice Springs. It should be mobile.
I have been mislabeled as a big advocate of low-income home ownership over rental.
We all want a simpler code, but tax reform is about much more. It is about ensuring that everyone pays their fair share. The tax code is also used to promote behavior that we as a nation support, such as home ownership or charitable contributions.
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
Democrats and Republicans have been very keen to make home ownership almost a national purpose.
To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.'
Why the Tories are happy to subsidise home ownership for middle class graduates and affluent social tenants, but not for widows on low incomes, is simply beyond me.
The American Dream is one of success, home ownership, college education for one's children, and have a secure job to provide these and other goals.