This is a real issue in my community (as is the case of pretty much every community). All the older homeowners and younger/middle aged middle class yuppies love to talk about how they care for the housing crisis for us poorer youth, but then anytime a plan to address it comes up it's all "muh property values, muh investment". It should be obvious to anyone that for the price to go down for buyers, the sellers must sell for less but they all want to sell absurdly high and then buy another home for low.
Not true in the US. Homeownership rate is around 65%.
Looked it up myself because this sounded inaccurate and while that figure is 65%...
We love our weasely statistics giving a false impression of prosperity, don't we folks?
So that means 35% of US homes are pure investments and not places for people to live. That's pretty messed up, though, it doesn't really say anything about how hard it is to own a home.
Guess that makes sense for families and stuff?
Yeah it's helpful for measuring family units owning homes, but skews some other situations.
Say a homeowner is renting out four rooms to four different people. If we try to determine home ownership rates by asking how many homes are occupied by owners, that situation would bring the rate up (1 home with an occupying owner). If we instead ask how many people in the US own a home, that situation would bring the rate down (5 people, only one of them owning a house). Of course that last one should exclude minor children (maybe spouses? I'm no statistician) to be more accurate, but you get the broad idea
even if that was true, which it isn't, i was talking about the proletariat