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> Your graphs do not address affordability. If the homeownership rate is 66%, that means people are able to buy a home. That's how I define affordability. > T
by RestlessMind 2y ago
> Your graphs do not address affordability.
If the homeownership rate is 66%, that means people are able to buy a home. That's how I define affordability.
> This data is highly variable depending on location. California as a whole may be fine -- how about it's most populous counties or cities? How much does the rural divide skew the numbers, if any?
California's rural population is <20% of the state[1], so that's not a big enough number to skew the results big way. E.g. an urban county like San Mateo has homeownership rate >60%[2]
[1] https://dof.ca.gov/wp-content/uploads/sites/352/Forecasting/Demographics/Documents/Urban-Rural_Classification_and_2020_Urban_Area_Criteria_CA_SDC.pdf https://dof.ca.gov/wp-content/uploads/sites/352/Forecasting/...
[2] https://fred.stlouisfed.org/series/HOWNRATEACS006081 https://fred.stlouisfed.org/series/HOWNRATEACS006081
- nullindividual 2y ago> If the homeownership rate is 66%, that means people are able to buy a home. That's how I define affordability. This speaks zero to affordability. Next time you start a thread, try not to frame it with your pre-determined conclusions.
- RestlessMind 2y ago> This speaks zero to affordability. You haven't even clarified your definition yet.