Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
Corporate owners own less than 4% of single family homes.
It’s not okay and that does put pressure on the market. We should strive to minimize that.
It’s not the hellscape you want it to be. $2500/mo still buys you a 2400sq ft home in a nice neighborhood in moderate CoL areas. Again that price is out of reach for many, but home ownership rates for Gen Z is higher than millennials when adjusted for age. Most of America own their homes.
It really doesn’t mean anything to say what a home might cost in a certain area, without specifying that area. People can’t just move across the country, because they don’t have jobs. And if you’re putting them in a situation where they would have to commute an hour and a half each way, that has its own set of issues.
The numbers that you include look nice, but I’ve seen a lot of other numbers that don’t look nice. Obviously this all depends where you live, how much money you have, and what kind of place you want to buy.
Corporate owners own less than 4% of single family homes.
It’s not okay and that does put pressure on the market. We should strive to minimize that.
It’s not the hellscape you want it to be. $2500/mo still buys you a 2400sq ft home in a nice neighborhood in moderate CoL areas. Again that price is out of reach for many, but home ownership rates for Gen Z is higher than millennials when adjusted for age. Most of America own their homes.
It really doesn’t mean anything to say what a home might cost in a certain area, without specifying that area. People can’t just move across the country, because they don’t have jobs. And if you’re putting them in a situation where they would have to commute an hour and a half each way, that has its own set of issues.
The numbers that you include look nice, but I’ve seen a lot of other numbers that don’t look nice. Obviously this all depends where you live, how much money you have, and what kind of place you want to buy.
And yet the home ownership rates increase.
Again, it’s far from perfect. Not the hellscape described. Again, MOST (Almost 70%), will own their homes when they retire.