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"...more people own homes than at any other point in history..." I'm not sure about elsewhere, but rates of home ownership in Australia have declined since the
by yvan-eht-nioj 4y ago
"...more people own homes than at any other point in history..."
I'm not sure about elsewhere, but rates of home ownership in Australia have declined since the 1980's [1], neatly coinciding with a decline of interest rates [2] and a rise in house prices as a proportion of income [3].
[1]https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook46p/HomeOwnership https://www.aph.gov.au/About_Parliament/Parliamentary_Depart...
[2]https://www.rba.gov.au/statistics/historical-data.html https://www.rba.gov.au/statistics/historical-data.html
[3]https://www.aph.gov.au/about_parliament/parliamentary_departments/parliamentary_library/pubs/briefingbook45p/housingaffordability https://www.aph.gov.au/about_parliament/parliamentary_depart...
- nemo44x 4y agoLook at total numbers.
- llampx 4y agoCare to elaborate why absolute values are better than rates here?
- nemo44x 4y agoBecause western countries import a lot of people that rely on urban rentals. Also younger people tend to favor starting a family later in life as they develop their careers (and are more interested in urban life) meaning apartment life is preferred.
- deleted 4y ago[deleted]