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The Great Housing Reset
The rise of renting in the U.S. isn’t just about high housing prices, or preferences for city living, but about the flexibility to compete in today’s economy." This article examines the changes in trends of housing ownership versus renting.
Key findings
From 2005 to 2015 housing ownership dropped from 68.8% to 62.7%
In large metropolitan cities near the coast such as New York, Sand Diego, Los Angeles, and San Fransisco, homeownership is only about 50%.
Trends do not remain consistent, a sign that it is just adaptation to generational adjustments to the current economy.
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