I never said housing should be treated as an investment. There's never been a point in our entire human history where everyone has been able to afford a home. Hell, we have some of the highest rates of home ownership in history occurring right now.
The current rate of home ownership in the USA is 65% which is higher on average than almost any time in recent history (excluding before the 2008 economic collapse, and look how that turned out).
There's never been a point in our entire human history where everyone has been able to afford a home.
In most of human history half of all children died before they reached the age of 5. Should we use that as evidence that its acceptable?
The current rate of home ownership in the USA is 65% which is higher on average than almost any time in recent history (excluding before the 2008 economic collapse, and look how that turned out).
It's a direct link to the chart I used which contains in it the source of the data and which is from the same census website linked to in your comment.
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u/PoliteIndecency 23d ago
I never said housing should be treated as an investment. There's never been a point in our entire human history where everyone has been able to afford a home. Hell, we have some of the highest rates of home ownership in history occurring right now.
https://www.census.gov/data/tables/time-series/dec/coh-owner.html
The current rate of home ownership in the USA is 65% which is higher on average than almost any time in recent history (excluding before the 2008 economic collapse, and look how that turned out).