• 1 Post
  • 347 Comments
Joined 2 years ago
cake
Cake day: December 31st, 2023

help-circle



  • What’s your source for that? I’d like to see the methodology as it can make a huge difference

    If I’m living with family because I can’t afford rent, some studies would consider me to be a homeowner because I reside in an owner-occupied home, despite the fact that would be a misleading statistic

    Alternatively, if I’m living with a spouse/partner and they own the home, with only their name on the deed, I am still effectively a homeowner but may or may not be included depending on methodology


  • Important caveat with that data: It’s showing the proportion of houses that are owner-occupied, not the proportion of people that actually own their homes

    So if I’m a young adult renting, then I hit hard economic times and move back in with my parents, I have now increased the homeownership rate because I would then be moving from a renter-occupied home to an owner-occupied home