4 ms·
About 2/3 of people own a home, which is a lot, but I'm not sure I'd call it "most people". And for the 1/3 that do not own a home, often already at a disadvant
by jurassic 5y ago
About 2/3 of people own a home, which is a lot, but I'm not sure I'd call it "most people". And for the 1/3 that do not own a home, often already at a disadvantage in ability to build wealth, they will continue to fall further and further behind as rents rise and their wages lose value. It's a bad situation.
- bowmessage 5y ago2/3rds of US persons? Or households? A cursory search leads me to believe the latter.
- tomjakubowski 5y agoIs the figure that 2/3 of homes are owner-occupied? 2/3 of households own at least one home? edit: 89% of US homes are occupied. Of these, 58% are owner occupied. https://www.census.gov/housing/hvs/files/currenthvspress.pdf https://www.census.gov/housing/hvs/files/currenthvspress.pdf
- t-writescode 5y agoAnd less than half of millenials (many of us are in our 30s) own a home: https://newsilver.com/the-lender/millennial-home-buying-statistics/ https://newsilver.com/the-lender/millennial-home-buying-stat... https://www.forbes.com/sites/eriksherman/2021/10/27/the-future-of-home-ownership-isnt-going-to-be-millennials-says-a-trio-of-studies/ https://www.forbes.com/sites/eriksherman/2021/10/27/the-futu...