Comment by zer00eyz
11 hours ago
> Or rich people owning more vacation homes.
https://fred.stlouisfed.org/series/RSAHORUSQ156S
Home ownership rates have a 6 percent variance over the last ~50 years.
We dont have a housing problem in America, we have a utilization problem:
https://www.census.gov/library/stories/2023/06/more-than-a-q... as an example.
There is a conversation that needs to be had about housing, but no one is going to LIKE the medicine that comes with that.
There's some historical stuff happening in that graph that it's easy for young people to not have context for, like the fact that the peak home ownership around 2005 was caused by a subprime mortgage fiasco.