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Last edited Fri Jun 26, 2015, 08:31 PM - Edit history (1)
http://www.doctorhousingbubble.com/renting-generation-homeownership-rates-by-age-ownership-rates-renters/
I don't think you accounted for the increase in population who are simply not buying - many of the sales were from investment groups, and today is from foreign investors. All told we are nearing a 50 year low in home ownership for Americans.
It is getting worse by the month, because more people are renting, and can't afford that either...
http://www.cnn.com/2014/04/22/opinion/hickey-affordable-housing/index.html
...
A new analysis by Zillow finds that the typical renter can no longer afford the median rent in 90 cities across the United States. Many Americans are severely cost-burdened: 4 million working renter households pay more than half of pre-tax income on rent.
...
I realize it is pointless for those who prefer limits to other people's freedom, but: http://www.doctorhousingbubble.com/renting-in-feudal-america-renting-new-american-dream-incomes-study-data/
Reminds me of something I read once.
The rich will do anything for the poor but get off their backs
— Karl Marx
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