I say no. However, starting way back in the Carter administration the push began for everyone, regardless of their income, to own their own home. This was the beginning of the sub prime loan crisis we suffer from today.

In 1977 the Carter-era Community Reinvestment Act came into existence. This act forced banks and savings institutions to make loans to the lower-income... Read More

12 years before the Community Reinvestment Act and the push for low-income people to own homes, Lyndon Johnson signed the Hart-Celler Act, which was strongly supported by Ted Kennedy. This act dramatically changed US Immigration policy. It replaced the Immigration Act of 1924, which favored immigrants from northern and western Europe. Proponents of the 1965 bill argued that... Read More