US homeownership rates over the past 60+ years
Posted by cgiattino
US homeownership rates over the past 60+ years
Posted by cgiattino
5 Comments
given that bad loan practices started the great recession, that tracks.
I think this data just looks at a housing unit and counts if it is rented or lived in by the owner (at least that’s what I’ve used with census data in the past). Hasn’t the number of young adults having to live with their parents increased as well though? I don’t think this would get factored in since technically the house is occupied by the parent owner. On a per adult basis the ownership rate probably looks a lot worse.
With about 2/3rd home ownership rates is why despite all the complaints of high home/rent prices nothing will change.
2008 really was a fucking nightmare.
This is always a fun graph on Reddit because people here seem convinced that only the top 10% of people can possibly afford a home which obviously just factually isn’t true.