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re: Why are homeownership rates precipitously declining?
Posted on 8/30/16 at 3:27 pm to Paul Allen
Posted on 8/30/16 at 3:27 pm to Paul Allen
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
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
4
Posted on 8/30/16 at 3:29 pm to SlowFlowPro
quote:
migration from the burbs back to cities
I like this reasoning since its a positive one. Walkable cities and shti
Posted on 8/30/16 at 3:29 pm to SlowFlowPro
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
Also renting means you don't need to know how to fix things around the house/apartment
Posted on 8/30/16 at 6:10 pm to SlowFlowPro
Great points
Posted on 8/30/16 at 7:16 pm to SlowFlowPro
quote:
Less government-regulated financial systems basically creating housing bubble after housing bubble doesn't help
FIFY
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