I know in Australia it's about 1/3 rent, 1/3 own outright, and 1/3 have a mortgage, but I imagine those numbers change massively depending on generation. The people closest to home ownership I know personally tend to be people with stable government jobs. 30 y/o bartenders and stuff are nowhere near owning.
There's been a lot of emphasis on policies that help people become homeowners, usually by extending more credit. They know that "owning" a house will make people more conservative, even though only 11-12% of Americans own their homes outright without a mortgage. Another 54% have a mortgage for their house, a majority on its own.
I'm honestly surprised the US is that high.
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I know in Australia it's about 1/3 rent, 1/3 own outright, and 1/3 have a mortgage, but I imagine those numbers change massively depending on generation. The people closest to home ownership I know personally tend to be people with stable government jobs. 30 y/o bartenders and stuff are nowhere near owning.
deleted by creator
There's been a lot of emphasis on policies that help people become homeowners, usually by extending more credit. They know that "owning" a house will make people more conservative, even though only 11-12% of Americans own their homes outright without a mortgage. Another 54% have a mortgage for their house, a majority on its own.
deleted by creator