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re: Why are homeownership rates precipitously declining?

Posted on 8/31/16 at 10:15 am to
Posted by Kino74
Denham springs
Member since Nov 2013
5346 posts
Posted on 8/31/16 at 10:15 am to
quote:

Owning a home should not be a benchmark on a person's success, why does it matter if home ownership is declining?


Other than equity, homes and their value gets passed down from homeowner to their kids. The kids inherit it they either can live in it, rent it or sell it and pocket the money.
Posted by DoUrden
UnderDark
Member since Oct 2011
25965 posts
Posted on 8/31/16 at 10:19 am to
quote:


Other than equity, homes and their value gets passed down from homeowner to their kids.


Home ownership is not the only vehicle for accumulating wealth. I just don't get why people think it's a "crisis" that fewer people own homes.
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