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I blame this mostly on the mortgage as an investment trend. Probably goes back to the 1980's savings and loan crash which one of the Bush brothers had a big ha
by jmclnx 3y ago
I blame this mostly on the mortgage as an investment trend. Probably goes back to the 1980's savings and loan crash which one of the Bush brothers had a big hand in.
As I have told people in the past, we are heading towards a new serfdom type economy where either you inherit your property or you are a serf paying most of your income to property holders.
Already I have seen articles stating the US Gov is concerned that young people are not moving to other regions of the country as they did 25 - 30 years ago. They articles indicated people moving is in a slow downward spiral. Another indication of a serfdom environment.
- bittercynic 3y agoThis sentiment feels right to me, but the numbers don't appear to support it: https://en.wikipedia.org/wiki/Homeownership_in_the_United_States#/media/File:Home_Ownership_rate.png https://en.wikipedia.org/wiki/Homeownership_in_the_United_St...
- jmclnx 3y agoIn the page, seems you see a slight downward trend starting in 2004, 2005 is at 69%, 2015 is at 63.7%. The charts I see end in 2015, which maybe the rate could have increased. But I wonder how this is calculated. Say if a company/person owns hundreds of homes, would the company be counted as owning just 1 home or multiple homes. What is needed is a count of real people owning homes. So, if 1 person owns multiple homes, they are counted as 1 home owner with the total of all owned homes used to calculate the % value. That would give us a better comparison.
- bittercynic 3y agoIt's the number of homes occupied by their owner. The number of people/households who own their home is lower, since many homes are occupied by their owner plus others.
- tharmas 3y agoAre there jobs in these "other" regions? In Canada, Newfoundland is cheaper, but theres no jobs. Partly why its cheaper.