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WanderingEng · 3448 days ago · link · · parent · post: American homeownership is at its lowest since 1967... and is still falling.
This is pretty interesting. I own a condo, and the pressure I see is the pressure to move around to further my career. Ironically, a lot of that pressure comes from within the company, and a long term outcome is I'll probably leave the company when I succumb to the pressure. But when I look at owning, selling and buying, it's a monumental pain. Renting, though, is so easy. Just don't renew your lease, rent a van and you're off to a new job in a new city. I like the stability that owning gives me, but that stability comes with a price. My theory is that metaphorical price, in addition to actual price, weighs on young people.