The American home ownership dream fizzles -- is that bad? On a recent business trip in Switzerland, I was told that home ownership there isn't the be-all, end-all that it is here, that people are comfortable with renting and putting their money to other uses. It looks like a small and similar trend is happening in the US -- apparently we have begun the simultaneous housing downsizing of boomers and the creation of a rental culture. You may have noticed a new report (no, not the one that said the telehealth market would hit $6.28 billion by 2020) about housing in the US -- this Harvard report noted that home ownership dipped below 67% in 2010. In addition to excess housing inventory from foreclosures, the echo boomers (born 1986 or later) apparently are entering their peak household formation years without forming traditional ownership households. And one-third of households aged 65-74 reported moving, many to smaller households. Of course, the other two-thirds are aging in place, a euphemism these days for not being able to sell the house, the furniture, and get out to a more reasonably-sized dwelling. The report also asserts that many existing homes are being converted to rentals. Imagine if those who want to downsize either rent out a portion of their home to a student or find a compatible older adult who can defray expenses. Imagine if those lucky enough to sell their houses pocketed the cash, enabling flexibility in finding work where the work is, instead of where the house keeps a stranglehold. And perhaps they took the money they didn't spend on housing -- and spent it elsewhere in the economy.