4 ms·

~70% of Americans own a home. Don't blame us because you choose to live in a dense urban area where you can't afford to buy a home. Until recently(2010-2020) bu

by viro 5y ago

~70% of Americans own a home. Don't blame us because you choose to live in a dense urban area where you can't afford to buy a home. Until recently(2010-2020) buying a home was on avg. cheaper than renting.

QuercusMax 5y ago
...so anyone who's under the age of 35 is just screwed? That's what you're effectively saying.
- viro 5y ago
  I'm under 35 and own a home. 42 percent of millennials own homes.
andrewmcwatters 5y ago
I don’t believe it’s that high anymore. And further, we have one of the lowest homeownership rates as compared to other developed nations the last time I saw these figures.
- viro 5y ago
  What do you think the home ownership rate is in America then?
  - andrewmcwatters 5y ago
    It’s about in the low 60’s and projected to be in the high 50’s soon. It’s consistently dropping.
    - viro 5y ago
      according to where? I can't find a single place that says less than 65.6% you think the huge increase of housing demand/sales is going to decrease homeownership rates? that demand is why prices are absurd right now.
      - andrewmcwatters 5y ago
        Hmm, you’re right. I guess my information is out of date.
  - borvo 5y ago
    ~65% and rising https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/ https://www.statista.com/statistics/184902/homeownership-rat...
hanniabu 5y ago
If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc? Saying "just don't live here" is one of the most ignorant responses that always arises in these types of conversations.
- viro 5y ago
  As someone from the midwest, This argument doesn't work. Stop trying to live in same place as 13 million other people. life will be a lot cheaper. We need to decrease density. the avg rent in my state is $750 for a 2br-apt. > most ignorant responses that always arises in these types of conversations umm its the only REAL solution.
- foogazi 5y ago
  > If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc? That is not the reason people stay in HCOL areas. There is value for them there, or the cost to leave seems higher than staying.

by viro 5y ago

QuercusMax 5y ago

...so anyone who's under the age of 35 is just screwed? That's what you're effectively saying.

viro 5y ago
I'm under 35 and own a home. 42 percent of millennials own homes.

andrewmcwatters 5y ago

I don’t believe it’s that high anymore. And further, we have one of the lowest homeownership rates as compared to other developed nations the last time I saw these figures.

viro 5y ago
What do you think the home ownership rate is in America then?
- andrewmcwatters 5y ago
  It’s about in the low 60’s and projected to be in the high 50’s soon. It’s consistently dropping.
  - viro 5y ago
    according to where? I can't find a single place that says less than 65.6% you think the huge increase of housing demand/sales is going to decrease homeownership rates? that demand is why prices are absurd right now.
    - andrewmcwatters 5y ago
      Hmm, you’re right. I guess my information is out of date.
- borvo 5y ago
  ~65% and rising https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/ https://www.statista.com/statistics/184902/homeownership-rat...

hanniabu 5y ago

If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc? Saying "just don't live here" is one of the most ignorant responses that always arises in these types of conversations.

viro 5y ago
As someone from the midwest, This argument doesn't work. Stop trying to live in same place as 13 million other people. life will be a lot cheaper. We need to decrease density. the avg rent in my state is $750 for a 2br-apt. > most ignorant responses that always arises in these types of conversations umm its the only REAL solution.
foogazi 5y ago
> If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc? That is not the reason people stay in HCOL areas. There is value for them there, or the cost to leave seems higher than staying.