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Or it just could be more polarization between the haves and have nots in the economy. Fewer in the younger generations can afford housing than previous generati
by NeutralCrane 3y ago
Or it just could be more polarization between the haves and have nots in the economy. Fewer in the younger generations can afford housing than previous generations could at that age, so the pool of US homeowners is going to skew to the older, more financially established boomer generation who bought homes decades ago for much cheaper.
- oblio 3y agoIs there some sort of metric/data/graph for housing concentration? I'd imagine older people might have several properties if many of them bought a main residence, a summer home, etc, 30+ years ago when they were somewhat cheap.
- dublinben 3y agoThere’s a clear correlation between age and homeownership. The data is relatively stable over time though. https://www.census.gov/housing/hvs/data/charts/fig07.pdf https://www.census.gov/housing/hvs/data/charts/fig07.pdf
- mrfox321 3y agoThis is my belief as well. In California, the haves will have houses. The have nots will have ADUs. Our world is structuring itself to (more) obviously reveal the wealth disparity.