>>Hasn't homeownership become more and more difficult for younger people to
>>attain for the last couple of decades in the US? Any stats?
>
>In the U.S., homeownership rates declined in the 1980s, from a peak of
>65.8% in the third quarter of 1979, to bottom out at 63.7% in 1990. They've
>since risen to 65.9% in the first quarter of 98, a hair under the 66.0%
>record of the third quarter of 1997. But that increase in the average is
>heavily driven by higher rates among over-60s. For every age group below
>60, ownership rates are still below early 1980s levels.
And what's the proportion of those 'homeowners' who _truly own_ their homes, as opposed to still making monthly mortgage payments?
>>Yoshie (most of my friends in their 20s and 30s are renters)
>60% of folks under 35 in the U.S. rent, and 65% of those between 25 & 29.
>I'm one of the 26% of my age group (45-49) that rents.
Always happy to be in your company.
Yoshie