3 ms·
What decreasing rate of home ownership? Nationwide the rate was only ever higher during the housing bubble [0], and the Midwest specifically (which is where thi
by lolinder 3y ago
What decreasing rate of home ownership? Nationwide the rate was only ever higher during the housing bubble [0], and the Midwest specifically (which is where this town is located) tends to have the highest affordability in the country [1].
There are certain areas in the country that are struggling with low housing affordability and high rates of renters, but that can't explain excess car washes in the Midwest.
[0] https://fred.stlouisfed.org/series/RHORUSQ156N https://fred.stlouisfed.org/series/RHORUSQ156N
[1] https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fp8fcxs1hjrc91.png https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fp...