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Started By
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Why are homeownership rates precipitously declining?
Posted on 8/30/16 at 3:26 pm
Posted on 8/30/16 at 3:26 pm
Across the nation. Just at 62.9% lowest since the 1960's.
30
Posted on 8/30/16 at 3:26 pm to Paul Allen
Poor middle class
Posted on 8/30/16 at 3:27 pm to Paul Allen
Well there's one reason that everyone is probably thinking but won't mention as to not start a thread war 
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
Posted on 8/30/16 at 3:28 pm to Paul Allen
why buy when obama gives you a house, iphone, and food stamps.
Posted on 8/30/16 at 3:29 pm to Paul Allen
Stagnant wages, less people getting married and having kids, and young people having crippling student loan debt are a few reasons.
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 3:32 pm to Tigeralum2008
quote:Probably a very accurate assessment.
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
Posted on 8/30/16 at 3:32 pm to GreatLakesTiger24
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 8/30/16 at 3:35 pm
Posted on 8/30/16 at 3:32 pm to Tigeralum2008
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
Posted on 8/30/16 at 3:34 pm to Tigeralum2008
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.
Posted on 8/30/16 at 3:36 pm to Paul Allen
No demand
Posted on 8/30/16 at 3:36 pm to DollaChoppa
quote:
I like this reasoning since its a positive one. Walkable cities and shti
you must not have children.
Posted on 8/30/16 at 3:37 pm to Paul Allen
Poor middle class, and high debt with college grads.
Plus the places young people want to live don't match their salaries
Plus the places young people want to live don't match their salaries
Posted on 8/30/16 at 3:38 pm to Tigeralum2008
quote:
Also renting means you don't need to know how to fix things around the house/apartment
the pussification of american continues.
Posted on 8/30/16 at 3:38 pm to Paul Allen
Posted on 8/30/16 at 3:39 pm to Paul Allen
Intentional systematic destruction of the middle class.
Posted on 8/30/16 at 3:41 pm to Paul Allen
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.
Posted on 8/30/16 at 3:42 pm to SlowFlowPro
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 8/30/16 at 3:44 pm
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