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.
Homeownership graphs mean little, if it’s not accounting for who owns the homes (corporate, private, family, singke).
Homeownership rate *per household* doesn’t take into account young adults living with their parents. Or homeowners that rent out part of the unit. Looking at the red line, homeownership per adult, I see that the Upper and Upper-Middle class is expanding, eating into the Lower-Middle class, which is merging into the Working class to form a “Perpetual Renter Class” shut out from ever growing wealth in real estate and doomed to spend their lives serving landlords with no upward mobility in sight, while the wealthy grow richer from the passive income.
I would love to see this data sorted by Private-Equity ownership.
Also how many of these can be second homes?
Why does the title of the graph say “through 2016” if the data go up to present day?
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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.
Homeownership graphs mean little, if it’s not accounting for who owns the homes (corporate, private, family, singke).
https://preview.redd.it/07pawraqc7fe1.jpeg?width=640&format=pjpg&auto=webp&s=b2aeef274d8e2f6e7fc7732ca263878dd36a71df
Homeownership rate *per household* doesn’t take into account young adults living with their parents. Or homeowners that rent out part of the unit. Looking at the red line, homeownership per adult, I see that the Upper and Upper-Middle class is expanding, eating into the Lower-Middle class, which is merging into the Working class to form a “Perpetual Renter Class” shut out from ever growing wealth in real estate and doomed to spend their lives serving landlords with no upward mobility in sight, while the wealthy grow richer from the passive income.
I would love to see this data sorted by Private-Equity ownership.
Also how many of these can be second homes?
Why does the title of the graph say “through 2016” if the data go up to present day?
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