By Spencer Jakab | The Wall Street Journal
“There has never been a better time to buy a home.”
That phrase, or variations on it, can be found in thousands of advertisements from real-estate agents and home builders. While impossible to disprove without the benefit of hindsight, it is safe to say the slogan’s prominent use at the peak of the housing boom was unfortunate. Maybe it was even used during the Lyndon Johnson administration, which was the last time the U.S. homeownership ratio was so low.
