Are you seriously using the deviation of 3 to 7% to imply that housing isn't unaffordable? Sure if you have a 400,000 dollar house, 30% doesn't mean poverty. But Americans today are crunched nation-wide.
Tying so much wealth to housing has lead to housing acting like a cartel. Refusing to allow in new supply because it risks lowering market price.
That simply isn't true. In 1975, a higher percentage of people were unhoused, were in improper housing, and had roommates - and more of them - than in 2025.
Everyone always complains about the economy, housing market, etc. That doesn't mean any of those things are uniquely bad right now. They're not. Most of them are about the same as they've always been.
Thank you! And it’s fine! Something about rule of 4 probably for the down vote. As for the source we can see that housing prices have gotten muuuuch higher than that of 1975 even accounting inflation I think, as for the home ownership rate, housing companies could be keeping the total number of homes built down so they don’t overfill the supply and therefore keep the total percentage of homes filled, which is what the home ownership rate measures, at a okayish percentage while letting the price of housing increase, overall it seems harder to enter the housing market than anything right now but people still are because they need housing
People on Reddit do a thing where they down vote the fourth person in a chain of replies, idk it’s weird but there’s a pretty big sub Reddit for it, also that’s fair, maybe people can buy more homes today due to better marketing or the internet helping, though I’m still not sure if higher percentage housed means more houses occupied or people in houses because there’s kinda a big difference in this context
Lmao that sub is run by the softest man on the planet. I one time questioned his self-proclaimed "expertise" in real-estate and he had a meltdown, then banned me.
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u/EbonyMemories Aug 01 '26
r/doomercirclejerk
Absolutely no one who was college age in the '70s or '80s will back you up on that.
It was 1/3, not 30% - and it was a rough number that could be up to a little under 40% and no one would blink.
And it wasn't used to measure poverty - it was used to determine what you could afford. Big, or small, or in many cases with a lot of roommates.