It should really be called small-parcel-of-land-plus-a-residential-structure borrowership-with-eventual-ownership. And it is not all upside. Changing from one

It should really be called small-parcel-of-land-plus-a-residential-structure borrowership-with-eventual-ownership. And it is not all upside. Changing from one "owned" "home" to another has high transaction costs compared to renting. This has all kind bad consequences: people wind up living in the wrong shape/size of house for their family size. It makes it expensive to move to follow economic opportunity. And then there is all the downside from having such a large portion of your savings tied up in a single, often highly leveraged, asset. Nobody would let you lever up your retirement portfolio 20:1 on any other kind of asset. And home ownership turns otherwise reasonable adults into NIMBYs. As for the demise of home ownership, the last few decades have seen it fluctuate in a relatively narrow band. See these charts: https://dqydj.com/historical-homeownership-rate-united-states/ https://dqydj.com/historical-homeownership-rate-united-state... https://en.wikipedia.org/wiki/Home-ownership_in_the_United_States#/media/File:Home_Ownership_rate.png https://en.wikipedia.org/wiki/Home-ownership_in_the_United_S...