Viewing a single comment thread. View all comments

DD_equals_doodoo t1_j9yhz1s wrote

Reply to comment by jdjdthrow in In the US, the gap between Black and White Homeownership is widening with each generation [OC] by Apartment_List

It's effectively the same thing. Hence why that measure is used. It matches perfectly with 1 - rental rates.

I don't dispute that housing costs have outstripped income gains. However, when you look at the drivers of that, homes are also getting larger and more modern (read: expensive to build). Asbestos was in basically all old homes because it was dirt cheap. Same with shag carpets. Same with lead in paint, etc.

Edit: Home sizes more than doubled from 1960 to 2010 https://www.newser.com/story/225645/average-size-of-us-homes-decade-by-decade.html

2

jdjdthrow t1_j9ytzpf wrote

>homes are also getting larger and more modern

Okay, but we're talking about poor young people. The ones not buying homes. They're living with family or in apartments with roommates (as opposed to getting married).

1

DD_equals_doodoo t1_j9yv91i wrote

>Okay, but we're talking about poor young people.

Um, since when? We were talking about millennials.

1