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Home ownership rate is a lagging indicator, affordability is a leading indicator. Many people in California own their homes because they bought them a long tim

• fiddlerwoaroof 3y ago
  I wonder if there’s some measure to forecast this, though: if the median age of a homeowner is x years (and the trend is aging), then in y years, half the currently owned houses will have changed owners. What are the values of x and y?
• s1artibartfast 3y ago
  Lagging or leading what exactly? Home ownership is the present indicator of home ownership.
  • ImPostingOnHN 3y ago
    The thing we want to measure and address is affordability for new buyers, not current ownership. Addressing the former will increase the latter, because the latter is a lagging indicator of affordability (which, again, is what we want to measure)
  • xboxnolifes 3y ago
    Home owners bought their houses in the past. Affordability indicators look at present rates.