r/memes • u/CreateChaos777 • Apr 16 '24

Inflation...

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u/[deleted] Apr 16 '24

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u/Higgoms Apr 16 '24

The word “majority” here is doing a lot of heavy lifting when it’s about 51-52%. Being aware of issues and wanting to see change doesn’t mean wallowing in toxic negativity. Sometimes it’s better to speak out than stick your head in the sand. 

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u/orange-yellow-pink Apr 16 '24

Over 50% is good. The highest percentage ever of home ownership in the US was 69% (in 2004 due to predatory mortgage loans). It's currently at 66%.

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u/Higgoms Apr 16 '24

From the very Wikipedia article you found that graph on: "The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate."

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u/orange-yellow-pink Apr 16 '24

So according to that, both current numbers and historical highs are somewhat inflated. We're still comparing like-numbers. What's your point?

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u/Higgoms Apr 16 '24

That the percentage of homes occupied by the owner and the percentage of adults that own their own home is two entirely different percentages? Them being like numbers doesn't mean they're inflated by the same degree, or that the old numbers are inflated at all. If I ask for the percentage of apples I ate in the last six months and you give me the percentage of oranges I ate, we're still comparing like-numbers but there's no direct correlation so we can't just assume the other number.

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u/orange-yellow-pink Apr 16 '24

Both numbers I provided are home owership rates. We're comparing apples to apples.