cobran20

US Homeownership at Lowest Level in over 50 Years

5 posts in this topic

If the rise was based on the same idea as Aus "you get rich buying a house" and the decline based on foreclosures you would expect a return to "normal". There is nothing "normal" in the graph. I would have expected it to be run back to post WWII at least to show a gradual (I assume) increase to the seventies. That would make the graph better visually.

 

If they didn't do that I assume either home ownership wasn't tracked back then or it made a bad visual.

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If the rise was based on the same idea as Aus "you get rich buying a house" and the decline based on foreclosures you would expect a return to "normal".

 

They overshot to the upside and now it will be to the downside - the pendulum swings both ways.

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Letter of Resignation from the Palo Alto Planning and Transportation Commission

 

 

...After many years of trying to make it work in Palo Alto, my husband and I cannot see a way to stay in Palo Alto and raise a family here. We rent our current home with another couple for $6200 a month; if we wanted to buy the same home and share it with children and not roommates, it would cost $2.7M and our monthly payment would be $12,177 a month in mortgage, taxes, and insurance. That’s $146,127 per year — an entire professional’s income before taxes. This is unaffordable even for an attorney and a software engineer....

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