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Paul Allen
Notre Dame Fan
Boca Raton, FL
Member since Nov 2007
47603 posts

Why are homeownership rates precipitously declining?
Across the nation. Just at 62.9% lowest since the 1960's.



DollaChoppa
North Carolina St. Fan
Midtown ATL
Member since May 2008
81229 posts

re: Why are homeownership rates precipitously declining?
Poor middle class


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601
jimbeam
USA Fan
University of LSU
Member since Oct 2011
45175 posts

re: Why are homeownership rates precipitously declining?
Well there's one reason that everyone is probably thinking but won't mention as to not start a thread war


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202
SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
349811 posts

re: Why are homeownership rates precipitously declining?
a lot of factors

our government-influenced financial system basically creating housing bubble after housing bubble doesn't help

section 8 completely skews rental costs, which in turn affects housing costs

migration from the burbs back to cities

issues with real wages in the face of inflation


Nado Jenkins83
LSU Fan
Land of the Free
Member since Nov 2012
29171 posts
 Online 

re: Why are homeownership rates precipitously declining?
why buy when obama gives you a house, iphone, and food stamps.


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3816
GreatLakesTiger24
loLSU fan
Member since May 2012
29172 posts

re: Why are homeownership rates precipitously declining?
Stagnant wages, less people getting married and having kids, and young people having crippling student loan debt are a few reasons.


DollaChoppa
North Carolina St. Fan
Midtown ATL
Member since May 2008
81229 posts

re: Why are homeownership rates precipitously declining?
quote:

migration from the burbs back to cities


I like this reasoning since its a positive one. Walkable cities and shti


Tigeralum2008
LSU Fan
Yankees Fan
Member since Apr 2012
6390 posts

re: Why are homeownership rates precipitously declining?
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.

Also renting means you don't need to know how to fix things around the house/apartment


Oddibe
LSU Fan
Close to some, further from others
Member since Sep 2015
2477 posts

re: Why are homeownership rates precipitously declining?
quote:

Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.

Also renting means you don't need to know how to fix things around the house/apartment

Probably a very accurate assessment.


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142
GetCocky11
South Carolina Fan
Member since Oct 2012
23309 posts
 Online 

re: Why are homeownership rates precipitously declining?
quote:

Stagnant wages, less people getting married and having kids, and young people having crippling student loan debt are a few reasons.


I forgot to add my reply...

I've seen a lot of young people buy homes with student loans.
This post was edited on 8/30 at 3:35 pm


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27
SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
349811 posts

re: Why are homeownership rates precipitously declining?
quote:

Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.

i am of this mindset

my really low rent is also a nice factor


DoUrden
Navy Fan
UnderDark
Member since Oct 2011
20116 posts

re: Why are homeownership rates precipitously declining?
quote:

Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.


Not even close to millenial but I don't own anymore because I like the ability to be mobile if it's needed, I no longer want to do yard work and don't want to do R&M on a house.


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80
setinways12
LSU Fan
Baton Rouge
Member since Sep 2015
878 posts

re: Why are homeownership rates precipitously declining?
quote:

I like this reasoning since its a positive one. Walkable cities and shti


you must not have children.


Dire Wolf
Houston Astros Fan
bawcomville
Member since Sep 2008
20550 posts
 Online 

re: Why are homeownership rates precipitously declining?
Poor middle class, and high debt with college grads.

Plus the places young people want to live don't match their salaries


setinways12
LSU Fan
Baton Rouge
Member since Sep 2015
878 posts

re: Why are homeownership rates precipitously declining?
quote:

Also renting means you don't need to know how to fix things around the house/apartment


the pussification of american continues.


Blue Velvet
Colorado State Fan
Apple butter toast is nice
Member since Nov 2009
20112 posts

re: Why are homeownership rates precipitously declining?


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10
Haughtonboy
LSU Fan
kansas
Member since Nov 2011
1110 posts

re: Why are homeownership rates precipitously declining?
Intentional systematic destruction of the middle class.


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113
TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
28791 posts
 Online 

re: Why are homeownership rates precipitously declining?
It's harder to get financing for homes that it has been in the past 25 years and millennial's are putting off marriage and home ownership due to student debt.


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53
Teddy Ruxpin
LSU Fan
Austin, TX
Member since Oct 2006
30028 posts

re: Why are homeownership rates precipitously declining?
quote:

Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.


quote:

i am of this mindset



I wasn't because of the whole bar passage deal. Figured I was already in New Orleans and wouldn't live anywhere else in LA, and it would be difficult to move as my wife is also a lawyer. What do you know? I end up taking the TX Bar, she gets a job offer regardless of the license, and we end up selling our house in NO

Now we're looking at a house here. This time, it will be different.
This post was edited on 8/30 at 3:44 pm


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