Quote:
Originally Posted by blankall
You need to take into account ownership vs age. Millennials, who are the ones largely having children now, have very low ownership rates:
https://www.zoocasa.com/blog/canadia...ational-guide/
The younger you get, the more affected by increased housing prices you are, with home ownership rates actually increasing, over the last 10 years, for those aged 75-84. |
I get the point you're making, I was just pointing out that the remark "This has been common in Europe but is only now occurring in large rates in North America," isn't entirely accurate. It's not "only now occurring": it used to be the norm. Home ownership steadily rose from through
"Lost" Generation, Greatest Generation, Silent Generation and Baby Boomers, and has been on a slow downfall for Gen X, Millennials and Gen Z.