4 ms·
Renters headed about 36% of the nation’s 122.8 million households in 2019, the last year for which the Census Bureau has reliable estimates. Because certain dem
by ctoth 5y ago
Renters headed about 36% of the nation’s 122.8 million households in 2019, the last year for which the Census Bureau has reliable estimates. Because certain demographics – young people, racial and ethnic minorities, and those with lower incomes – are more likely to rent, those groups likely will be disproportionately affected when evictions resume[0].
I suspect what ProfessorLayton means is that they specifically own a house and so sucks for the rest of us.
0: https://www.pewresearch.org/fact-tank/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/ https://www.pewresearch.org/fact-tank/2021/08/02/as-national...
- ProfessorLayton 5y agoMy comment was not intended to be read as "FU, got mine". I was only pointing out that most households in the U.S. are somewhat shielded from these high inflation numbers, especially since shelter is typically the biggest expense. I vehemently agree that those who don't own appreciating assets are worse off, which is why I said it "sucks", because it does. But it isn't most households. Lastly, young people in particular are also less likely vote at all, let alone for their own interests. Before the pandemic, the housing shortage was entirely artificial, and the main reason housing keeps skyrocketing is political. There just isn't enough supply to keep up with demand, yet people without homes don't show up at their local council meetings demanding more housing supply the same way NIMBY homeowners show up demanding less.