Most people own a home for living and purchase it maybe once in their life time. It's the wealthy that engage in speculation and use real estate as an investmen

Most people own a home for living and purchase it maybe once in their life time. It's the wealthy that engage in speculation and use real estate as an investment vehicle. This kind of behaviour creates an artificial demand for the resource raising its value. The 67% ownership is also the figure that stands today as a result of purchases going back many decades during better times. As the report shows, ownership has been reducing successively with each generation even as the dependency on mortgage has been increasing. The ease, if not ability, of owning a home is definitely going down.