2 ms·
It's an interesting question, but I'm not sure this is the constant trend. I just looked up home ownership rates by age group: https://www.census.gov/housing/h
by mr_tristan 8y ago
It's an interesting question, but I'm not sure this is the constant trend.
I just looked up home ownership rates by age group: https://www.census.gov/housing/hvs/data/charts/fig07.pdf https://www.census.gov/housing/hvs/data/charts/fig07.pdf
The only group that doesn't seem to have declined in the last 15 years is 65 and over.
This is where I think the large size of the US and the tons of domestic migration won't really make inheriting a home as common as you would find in most of the world.
Anecdotally, I know nobody that I went to high school with that is remotely close to our home town - we all left. This is roughly 50 people, and I'm sure that all of them, like me, would not think twice about selling any property inherited from parents.