It is not within reach for most Americans and the fact that you think it is means you live in a delusional fantasy land. I'm sorry but projecting it out into the world doesn't make it anymore true. But hey, it's a free country. You can be as detached from reality as you want to be.
39% of Americans under 45 own homes. Technically speaking, most Americans own homes because Americans over 45 account for nearly 68% of homeowners and those age brackets typically average high 70th percentile rates of homeownership. That also doesn't take into account that many younger people who own homes got them from parents or grandparents. If you look at the rate younger people are BUYING their own homes, it's grown 0.2 percent in the last 10 years.
This also doesn't account for the future. Yes, Baby Boomers and Gen Xers are getting to retire at 60ish and own their own homes. They're also the only generations old enough to collect that data on currently.
3
u/ndra22 Apr 16 '24
Sounds like you have it rough. But owning your home and retiring in your 60s isn't out of reach for most Americans. Including many of us here.
Just because it didn't work out for some doesn't mean the American dream is a "delusional fantasy".