4 ms·

The homeownership rate is the percentage of HOMES that are lived in by their owners, not the count of PEOPLE that own their own homes. Given a shortage of homes

The homeownership rate is the percentage of HOMES that are lived in by their owners, not the count of PEOPLE that own their own homes. Given a shortage of homes, the homeownership rate will not show you that there is a crisis. For example, if you homeless you do not count. If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. If the owner lives in their home and they rent out a room, that's a home. If you used to rent with 4 people and now live with 8, that's a single rental. If you own and live in multiple homes, you count multiple times. Without more analysis, you can not use this rate to come to any conclusions.

pb7 3y ago
> If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. But not owned by you… so it wouldn’t end up in the 30% of "X own their homes" statistic. I’m not really sure what you’re going on about here but none of it makes any sense.
- ItsMonkk 3y ago
  It would not. You have been misled. Here's backup from wikipedia, or are they also not making sense? > The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate. Many households that are owner-occupied contain adult relatives (often young adults, descendants of the owner) who do not own their own home. Single building multi-bedroom rental units can contain more than one adult, all of whom do not own a home. > the home ownership rate is created through the Housing Vacancy Survey by the U.S. Census Bureau. It is created by dividing the owner occupied units by the total number of occupied units. > https://en.wikipedia.org/wiki/Homeownership_in_the_United_States https://en.wikipedia.org/wiki/Homeownership_in_the_United_St...

pb7 3y ago

> If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. But not owned by you… so it wouldn’t end up in the 30% of "X own their homes" statistic. I’m not really sure what you’re going on about here but none of it makes any sense.

ItsMonkk 3y ago
It would not. You have been misled. Here's backup from wikipedia, or are they also not making sense? > The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate. Many households that are owner-occupied contain adult relatives (often young adults, descendants of the owner) who do not own their own home. Single building multi-bedroom rental units can contain more than one adult, all of whom do not own a home. > the home ownership rate is created through the Housing Vacancy Survey by the U.S. Census Bureau. It is created by dividing the owner occupied units by the total number of occupied units. > https://en.wikipedia.org/wiki/Homeownership_in_the_United_States https://en.wikipedia.org/wiki/Homeownership_in_the_United_St...