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Den_VR 3 hours ago

The numbers that interest me are comparing home ownership rates at various ages between the generational groups

Lots of research shows about a 8-10% gap, that only at very specific ages finally achieved parity.

The consequence of this is a difference in wealth building, economic security, and family planning for millions.

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aianus an hour ago | parent | next [-]

To add to that, an unemployed 28 year old living with his parents in the house that they own is a "homeowner" in most of these homeowner stats.

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SilverElfin 3 hours ago | parent | prev [-]

Why does home ownership on its own matter? Net worth is inclusive of housing and assets and debt. And net worth is a direct measure of the wealth that is being built.

	▲	johnnyanmac 3 hours ago \| parent \| next [-]
		Because homes are pretty much the only asset a millenial would have at that time that would have grown over time. a 08-9 graducate wouldn't really have much money to spar for stocks unless they made really lucky bets or happened to mine a fewbitcoin they forgot about. Most all else would have inflated or depreciated.
	▲	aianus an hour ago \| parent \| prev \| next [-]
		As a thought experiment would you not feel (much) poorer if houses suddenly cost >$5 million tomorrow and you didn't own one yet? Even if everything else cost the same? Even if everything else cost the same and your net worth went up $100k?
	▲	actionfromafar 2 hours ago \| parent \| prev \| next [-]
		Someone posted this already but a more useful "net worth" is how big of a shock can take without paying multiples on the sticker price. And even homes are now sieving into institutional buyers. https://medium.com/newco/your-financial-shock-wealth-4845e6d...
	▲	2 hours ago \| parent \| prev [-]
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