3 ms·
A lot of reasons! Some I have heard: - Homeownership comes with responsibilities that people may not want - They prefer to invest the money elsewhere - They
by runako 2y ago
A lot of reasons! Some I have heard:
- Homeownership comes with responsibilities that people may not want
- They prefer to invest the money elsewhere
- They expect to relocate on timeframes shorter than those that make homeownership a good investment
- doctorpangloss 2y agoI'm asking, what causes people to buy a house for the first time? For upper middle class people the answer is probably having a baby, so you can see why if people are having babies later in life when their incomes are higher, prices rise.
- LVTfan 2y agobut the upper middle class is relatively small, depending on how you define upper middle class. Nationally, one might say the 15% who are below the 95th percentile (but locally is what matters for the purpose of buying property, and maybe "upper middle" is 60% to 95% of the local ranking).