123 upvotes, 1 direct replies (showing 1)
time was a person’s salary was enough to buy a home and a car
Honestly, even this is exaggerated to fit the narrative of people who romanticize the past. Boomers enjoyed a total anomaly in the housing market, which was never sustainable. US homeownership rates now are higher than they were in the 70's, but even at it's peak in 2000's (which was very driven by deregulated mortgages), it didn't crack 70%. Even in the 50's, rates hovered in the 50% range
Comment by fencerman at 21/01/2025 at 20:09 UTC
13 upvotes, 1 direct replies
Meanwhile, in China millennial home ownership rates are about 70%.