To put it in context, here's the article he's quoting.
“Homeownership has let us down,” said Time magazine. “The dark side of homeownership is now all too apparent: foreclosures and walkaways, neighbothoods plagued by abandoned properties and plummeting home values, a nation in which families have $6 trillion less in housing wealth than they did just threee years ago.” When the Census Bureau reported American homeownership rates had fallen from 69 percent in 2004 to 65 percent in 2010, housing economist Ryan McMaken responded that “the present rate needs to drop even more.”
Monday, April 29, 2013
Randal O'Toole kindly quoted me in his book American Nightmare: How Government Undermines the Dream of Homeownership. On page 2: