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Not really, see https://www.oecd.org/els/family/HM1-3-Housing-tenures.pdf https://www.oecd.org/els/family/HM1-3-Housing-tenures.pdf Detailed picture is even le
by betaby 5y ago
Not really, see https://www.oecd.org/els/family/HM1-3-Housing-tenures.pdf https://www.oecd.org/els/family/HM1-3-Housing-tenures.pdf Detailed picture is even less optimistic if one reads the details.
Also grouping 25-44 is not very helpful. Like 25 years old is fresh from the university and 44 is a middle aged group.
- refurb 5y agoMy link goes in age groups 25-34 and 35-45. Both have higher home ownership levels. And I’m not sure what your link shows? It looks at homeowners only?
- betaby 5y agoHomeowners breakdown with paid/unpaid mortgages. Which is quite interesting. Ownership with a life long mortgage is not that good sounding thing. Regardless, it still shows what Canada is in fact not even in the first half for home ownership in OECD.
- sokoloff 5y agoI’m about to refinance again (in the US) and while I can readily afford our current 15-year mortgage, I’m likely to take out a fresh 30-year-fixed. Why shouldn’t I? It’s almost sure that risk-free rates will rise over that time and may even exceed the mortgage rate during that period. In such a situation, a lifelong mortgage is exactly what I want to have.