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> There's also the widening inequality gap (quite pronounced since 1965), meaning you should be looking at medians, not averages. Homeownership rate being 66%
by RestlessMind 2y ago
> There's also the widening inequality gap (quite pronounced since 1965), meaning you should be looking at medians, not averages.
Homeownership rate being 66% means median household owns its home. I don't know how averages are related here.
> And this thing the rental market, which you're not looking at all.
I am talking about homeownership rate and data. Why is rental market relevant here?
- racional 2y agoI don't know how averages are related here. Me neither. You're the one who brought them up. Why is rental market relevant here? Because it's what many people mean when the talk about housing affordability. Especially, you know - regular working people.
- RestlessMind 2y ago> You're the one who brought them up. I only referred to the average of homeownership rate over the decades. So inequality is still irrelevant there. > Because it's what many people mean when the talk about housing affordability. Given the homeownership rate is 66% and has been around that number for many decades, I am sure a lot of "regular working people" are homeowners. Unless you think that segment is a minority of the society, in which case they should not be called "regular".