Quote:
Originally posted by Gattigap
The overall U.S. homeownership rate now stands at 68.6% overall, and of that, the minority homeownership rate is 50.6%. So sayeth a celebratory White House statement, though I'm sure more direct evidence is available.
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But that includes all households at the present time, which includes people in their 20's.
A better figure for this discussion is the number who will own a house in their lifetime. The reason being that taxwonk was claiming that the vast majority of American workers will never own a home.
It isn't a problem if workers in their 20's don't own a home, yet. If they never own a home, that is a problem.
