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Zillow was flipping not buying to hold. https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html https://www.nytimes.com/2020/03/04/magazine/wall-
by cheriot 4y ago
Zillow was flipping not buying to hold. https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html https://www.nytimes.com/2020/03/04/magazine/wall-street-land...
> Not for the same size houses
Anecdotally, the price per square foot has also gone up in the places with the most jobs. To be clear, the whole context of the article is that we're talking about the (sub)urban areas that have seen substantial job growth. If zoning prevents large houses from being split then you're describing an increase in mansions while others can't afford a home.
Despite younger people moving to less prosperous regions where they can afford a home, yes, home ownership rates for younger generations have declined. Specifically, in the family and peak earning years from 30 to 50.
https://ipropertymanagement.com/research/homeownership-rate-by-age https://ipropertymanagement.com/research/homeownership-rate-...
More clear example https://res.cloudinary.com/apartmentlist/image/fetch/f_auto,q_auto,t_renter_life_article/https://images.ctfassets.net/jeox55pd4d8n/7iV9AG2IZAuyPH78SUtbKd/aef7fd7af7791dc045f2a341b86d5c7d/generational-home-ownership.png https://res.cloudinary.com/apartmentlist/image/fetch/f_auto,...
from https://www.apartmentlist.com/research/homeownership-by-generation https://www.apartmentlist.com/research/homeownership-by-gene...