Comments on: Homeownership Rate Stays at 66% https://eyeonhousing.org/2023/10/homeownership-rate-stays-at-66/ National Association of Home Builders Discusses Economics and Housing Policy Thu, 14 Dec 2023 16:49:02 +0000 hourly 1 By: Eduard https://eyeonhousing.org/2023/10/homeownership-rate-stays-at-66/#comment-2229443 Thu, 14 Dec 2023 16:49:02 +0000 https://eyeonhousing.org/?p=34206#comment-2229443 The sustained 66% homeownership rate underscores a consistent housing market. For aspiring homeowners eyeing new construction, exploring tailored construction loans is crucial to facilitate seamless and affordable home building amidst this stable landscape

]]> By: Matthew Hermanson https://eyeonhousing.org/2023/10/homeownership-rate-stays-at-66/#comment-2215463 Tue, 31 Oct 2023 18:08:50 +0000 https://eyeonhousing.org/?p=34206#comment-2215463 Correction:
“Historically the USA home ownership rate was under 50% until after WW2.”

]]> By: Matthew Hermanson https://eyeonhousing.org/2023/10/homeownership-rate-stays-at-66/#comment-2215458 Tue, 31 Oct 2023 18:05:16 +0000 https://eyeonhousing.org/?p=34206#comment-2215458 Historically the USA home ownership rate was been under 50% until after WW2.

In recent history, every 0.1% above 60% takes more and more government intervention. By the time it rises to above 65%, it just is not sustainable without forcing families and individuals into home ownership when they really aren’t financially equipped to do so.

Just like forcing the lower 80% (economically speaking) of American households into cars that cost north of $100K; “forcing” them into homes that are more than three times their annual gross income does them no favors at all.

Just because some individual is not ready to be a home owner does not make them a bad person. And likewise “helping” (AKA: forcing) them into a home absolutely does not make you a good person.

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