Are you really a 'home owner' if you're living at your parents' place? - ABC News & Headlines
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I'm 30. I know almost nobody in my age group (specifically the folks I grew up with and such) that owns their own home. Everyone is either renting alone/with their partner, have housemates and are renting, or live with family. I guarantee that's going to be even more common for the 18-25 age range as well. Houses are just unaffordable for the…
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I don’t really think these are equivalent, one is essentially semantics about what it means to “own” a home and the other is the census treating people whose situations that we all easily recognise as NOT home ownership (living with your parents, who either own or have a mortgage) as “homeowners” in national statistics.
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Does this make sense? In that scenario wouldn’t it just count that the 1 dwelling is owned by someone, as long as they all listed that their permanent residence is the same address?
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It’s a fair call, but we also live in the nation with the second highest housing debt in the entire world so we have a pretty distorted idea of “home ownership” in this country.
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No, a person who has a mortgage still has rights that a renter doesn't. Of course that situation becomes complicated if you fail to meet your loan obligations.
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I suggest that when it falls under 50 percent it will start making a difference, it possibly already has in particular locations.
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And all those responsible won’t see what their decisions lead to because they’ll be dead by then.