U.S. homeownership rate just fell to 63.4%, its lowest level since 1967, while median monthly rents rose to $804, an all-time record high.

U.S. homeownership rate just fell to 63.4%, its lowest level since 1967, while median monthly rents rose to $804, an all-time record high.

— Peter Schiff (@PeterSchiff) July 28, 2015