4 ms·
Everything is close by double digits if you count by percentage points. I.e. there are 65% of households living in their own house at this time [1] so the rente
by pandaman 4y ago
Everything is close by double digits if you count by percentage points. I.e. there are 65% of households living in their own house at this time [1] so the renters are close by 16% to outnumber owners. Even if there had been 99% ownership rate the renters would have been still close by double digits (50%) to outnumbering owners.
It's more prudent to look at the ratio of owners and renters, which is 1.85:1, there are almost twice as many owner households than renters.
1. https://fred.stlouisfed.org/series/RHORUSQ156N https://fred.stlouisfed.org/series/RHORUSQ156N
- InefficientRed 4y agoI said in my community, where the ratio of owners to renters is more like .5:1.
- pandaman 4y ago"Community" is a loose term, you could call an apartment building your community and that would be 1:0 renters to owners. The issue you seem to be arguing with is that home owners are a big majority and will vote as a block against anybody who comes after them with "equity" plans, right and left alike. If your community had been a township or a county then you could enact whatever laws you think will make renting more comfortable than ownership but otherwise you live in a democracy of the homeowners.
- InefficientRed 4y agoBy community I mean precinct. I mean the people from whom I need to recruit votes.