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Every home is owned by somebody. So, saying that ownership rates are outrageously high is the same as saying that there are too few people. How does that make
by IncRnd 9y ago
Every home is owned by somebody. So, saying that ownership rates are outrageously high is the same as saying that there are too few people. How does that make sense in the context of a discussion of home ownership? How would someone decide on a theoretical optimum home ownership rate?
- quickthrower 9y agoA landlord can own multiple homes. If one person owns all of the property, ownership rates would be pretty much 0%. Owner occupied rate would be a more interesting metric. There will be flaws. Not all homes are equal. People share ownership. Etc.
- IncRnd 9y agoHow does that apply to what I wrote? The discussion wasn't about low ownership rates but outrageously high home ownership rates and some amorphous optimum ownership rate.
- quickthrower 9y agoSorry I mean to say that rates can be high or low and that make a sense. But agreed: claiming something is outrageously high is silly. In the context of too much debt, if 99% of homes are purchased pre bubble there is not a problem. If 99% are purchased post bubble that's a problem. The ownership rate is irrelevant as you alude to.