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Comment by lolinder

This is unnecessarily confrontational and inaccurate. According to census.gov, the current national homeownership rate is hovering at about 66%, which is about the same rate that it's been (+/- 3%) since they started tracking in 1964 [0][1]. This isn't restricted to old people either: 49% of 30 to 34 year olds and 58% of 35 to 39 year olds owned a home in Q4 2023 [2].

There are certainly regional differences in housing affordability, but the average American lives in a home that they own by the time they're 35.

[0] https://www.census.gov/housing/hvs/current/index.html

[1] edit since there's some confusion—here's the direct link to the table I'm citing from, entitled "Quarterly Homeownership Rates for the U.S. and Regions: 1964 to Present"—https://www.census.gov/housing/hvs/data/histtab17.xlsx

[2] "Homeownership Rates by Age of Householder: Fourth Quarter 2022 and 2023"—https://www.census.gov/housing/hvs/files/qtr423/tab7.xlsx

parent lolinder 2 years ago

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