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Owning a house is not for ordinary people any more. People/sheep are renters. Houses around the world are being sold to: corporate mega landlords "Mum and D
by andrewstuart 3y ago
Owning a house is not for ordinary people any more.
People/sheep are renters.
Houses around the world are being sold to:
corporate mega landlords
"Mum and Dad" investors
international money laundering criminals
money fleeing countries like China where economies are collapsing and the government is becoming more authoritarian
- RestlessMind 3y agoAnd yet homeownership rate in the US has been remarkably stable since 1965: https://fred.stlouisfed.org/series/RHORUSQ156N https://fred.stlouisfed.org/series/RHORUSQ156N Right now, it is at 65.7% - higher than the fabled 60s and 70s.
- polski-g 3y ago65% of Americans own their own home.