@scottalanmiller said in Is Real Estate Actually a Good Investment on Average?:
@Dashrender said in Is Real Estate Actually a Good Investment on Average?:
@Pete-S said in Is Real Estate Actually a Good Investment on Average?:
@Dashrender said in Is Real Estate Actually a Good Investment on Average?:
@scottalanmiller said in Is Real Estate Actually a Good Investment on Average?:
@Dashrender said in Is Real Estate Actually a Good Investment on Average?:
is that where most rentals have come from?
Most rentals existed long before 2008. The rental market has always been very large.
Oh, I'm sure it's been longer than 2008 - but when? When did mass rentals enter the scene?
I guess they really started in the beginning when companies built factory based towns. The company built the houses for their employees so they would have some place to live. etc.A really long time ago (in the US). Most people used to be renters but after WW2 the majority have been homeowners.
Right now (2022) it's sits at around 65%.
Data is from U.S. Department of Housing and Urban Development.
https://www.huduser.gov/portal/Publications/pdf/HUD-7775.pdflol - it was almost the majority for the first half of the chart... the increase is way under 50% increase after the war.
By "almost the majority" you mean it was the clear minority? Almost the majority is a very, very weird way to stay that renting was the absolute dominant option up until 1950.
I do not agree with you, Scott.
I think that "almost the majority" is very legit term 45%-48% and this subject (housing). These are not presidential elections so that you have "loser" with 47,8%.
It is not weird to say that 47,8% is "almost the majority" especially when you take into account that many people are forced to be renters.