I relied on the ownership charts for my ownership claims and the urbanization chart for the urbanization claims. For total ownership we are talking about a 1% difference from 10 years ago and 4% down from the all time US peak which was a historic bubble.
For 20-25 home ownership we are talking about a 5% change from bubble peak and maybe a 2% change from the average the last few decades.
It does suck being on the downward trend, and this is quantitatively lower than the peak rates. It qualitatively sucks that low interest rates didn't help. I personally think this is because homes weren't built in urban areas where more of the population resides due to zoning.
At the end of the day, we are still talking about a couple of percent difference so far. I share the concern that things could keep going and get worse
For 20-25 home ownership we are talking about a 5% change from bubble peak and maybe a 2% change from the average the last few decades.
It does suck being on the downward trend, and this is quantitatively lower than the peak rates. It qualitatively sucks that low interest rates didn't help. I personally think this is because homes weren't built in urban areas where more of the population resides due to zoning.
At the end of the day, we are still talking about a couple of percent difference so far. I share the concern that things could keep going and get worse