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> Homeownership rates are high (significantly higher than Europe) What's your data source for that if you recall, just curious?
by moffkalast 2y ago
> Homeownership rates are high (significantly higher than Europe)
What's your data source for that if you recall, just curious?
- n4r9 2y agoThis dataset suggests that it's around 65.7%, higher than the 62.9% in 1965 but lower than the 2004 peak of 69.2%: https://fred.stlouisfed.org/series/RHORUSQ156N https://fred.stlouisfed.org/series/RHORUSQ156N . Not sure that "consumption of manufactured goods" is a particularly good metric for measuring wellbeing, though.
- moffkalast 2y agoThat covid spike in 2020 is pretty interesting. Probably the percentage of people that rent something close to their workplace and could move home when WFH became a thing. > The homeownership rate is the proportion of households that is owner-occupied. I suppose there probably aren't better metrics available, but someone who lives in a rented out penthouse that's being financed by owning 20 rented out apartments wouldn't show up as a homeowner under this which is hilarious. From what I can find [0] homeownership rates in the EU are typically north of 70%, and up to to 90% in some countries. Germany seems to be a real outlier at only 50%. [0] https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.html#:~:text=Over%20two%2Dthirds%20of%20people,30%20%25%20lived%20in%20rented%20housing https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.h....
- n4r9 2y agoYes, I'm not surprised that OP's comparison fails to hold up especially against the central/eastern European countries. The website you link is using a slightly different definition of homeownership but at 90% it must carry over to be more than the US. Which I guess just means it's a poor metric for anythig really.