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re: Why are homeownership rates precipitously declining?
Posted on 8/31/16 at 10:19 am to Kino74
Posted on 8/31/16 at 10:19 am to Kino74
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.
1
Posted on 8/31/16 at 10:22 am to DoUrden
quote:
I just don't get why people think it's a "crisis" that fewer people own homes.
I don't consider it a crisis, but from a communal aspect, home ownership is a positive and has serious value
home owners generally will care more about the community, local politics, be more involved, etc simply because they have more at stake than a renter
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