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21 sats \ 3 replies \ @chovyfubar 15 Oct 2023 \ on: HOMEOWNERSHIP RATE HIGHER IN 2023 THAN THE ENTIRE 1960s bitcoin
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Good question. Housing markets are weird and often not like people expect.
My suspicion is that the homeoffice effect is still ongoing and people are still moving into cheaper rural areas. We don't talk about homeoffices that much anymore but more and more people doing that is inevitable.
Also notice how the percentage changes are actually pretty small (y-axis). Even if most people are very loudly complaining a small part of society can still move this statistic a lot.
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Also people are romanticizing the olden times.
The past was shit. The Simpsons-lifestyle was only available to few white families in few regions with big companies. And yet people think it was the lifestyle of everyone. It wasn't.
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50 years ago we had a much larger middle class who could afford homes for the most part.
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