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> just about every house has an owner that lives in it Just under 2/3 of US homes have an owner that lives in it.
by HWR_14 5y ago
> just about every house has an owner that lives in it
Just under 2/3 of US homes have an owner that lives in it.
- davidgay 5y agoWhat's the number of owners + long-term renters? (the likely relevant metric when looking at housing price vs local incomes)
- HWR_14 5y agoAh, that's one of the ways the statistic I quoted is skewed. Short term rentals aren't considered "homes" by it, so it would be 100%.
- mellavora 5y agoand the trend is clearly and strongly towards fewer owners. Look at the percentage of houses bought by PE vs individuals in 2021. https://www.redfin.com/news/investor-home-purchases-q3-2021/ https://www.redfin.com/news/investor-home-purchases-q3-2021/ Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter yes, I know 18% < 1/3. But I also know that 18% > 6%, which was the figure in 2000. the trend is pretty obvious.
- HWR_14 5y agoYou can look at the percentage of people in the under 45 bracket, and it's been trending down for decades. The total is probably remaining high because the lifespan was going up.