3 ms·
> The national homeownership rate for the first quarter of 2019 was 64.2%, according to the U.S. Census Bureau. That is below the historic average of 65.2%, whi
by gok 7y ago
> The national homeownership rate for the first quarter of 2019 was 64.2%, according to the U.S. Census Bureau. That is below the historic average of 65.2%, which dates back to the 1960s.
Ugh I really wish we stopped caring so much about homeownership. Misguided pro-homeownership policies got rates unusually high in the mid 2000s, reaching almost 70% by 2005. It had no impact on wealth equality and almost certainly made the Great Recession worse, if not causing it entirely.
- drivingmenuts 7y agoThe people who care about home ownership are either trying to justify/maintain the value of the home they own, or they’re trying to sell you a home. Since there’s such a large number of renters, what happens if we just convince them to ignore the non-renters?