> what is going to happen to that? I don't believe this was ever true. A huge amount of mainly white middle class people were able to own a small home and veh

> what is going to happen to that? I don't believe this was ever true. A huge amount of mainly white middle class people were able to own a small home and vehicles in the past, but it certainly wasn't true of the "average person", unless you define average to be something so narrow as to be a self-fulfilling description. How come there was a housing bubble and subsequent economic collapse? It wasn't because all those subprime average people already owned nice houses and cars. Were they all just upgrading their houses to bigger houses? Maybe. Or were many of them overreaching during a time of unprecedented economic froth, trying to upgrade to suburban life from their small apartments and shared tenements and public transit? I think this sort of nostalgic argument always goes along the lines of, "everyone could own a home... except for the huge portion of the population that couldn't, but they don't count."