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I don't think your looking at an Obama problem or that Trump can do anything to fix it. I think the housing crash turned a lot of people off of home ownership.
I think people are finally catching on to the fact that most markets are over valued and it doesn't make sense to buy in many places.
Added to this, the homeowners got fucked, while the bankers got off scott free the last time. On top of that we see the banks doing the same thing all over so it's only a matter of time before another crash happens leaving home owners holding the empty equity bag..
In small towns and rural areas it's likely better to buy because less rentals are available and prices are cheaper.
In bigger cities and metros, the prices are too much and there is often way too many rentals on the market.
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