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A comment on If you sell a house these days, the buyer might be a pension fund. Parent comment

Re:If you sell a house these days, the buyer might be a pens... by srj on Wednesday June 09, 2021 @06:31PM (#27454144)
Consider that:

- Most American households own their home.

- Homeowners vote at substantially higher rates than renters.

- Home equity is one of the largest components of American wealth (roughly equal with retirement accounts).

Taken together it's difficult to see how home values will be allowed to fall.

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Re:If you sell a house these days, the buyer might be a pens... by squiggleblaz on Wednesday June 09, 2021 @08:37PM (#27455329)
> Taken together it's difficult to see how home values will be allowed to fall.

If you allow increased density, and you use it to provide actually valuable homes (rather than studio/one/two bed apartments or the like mostly intended as a store of wealth), then land value can go up while unit value goes down.

This means people joining the market can buy for a couple of years salary, while people already in the market can exit and downsize for a decade's salary.

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Re:If you sell a house these days, the buyer might be a pens... by rch on Wednesday June 09, 2021 @08:48PM (#27455411)
I would very much like this to be true. Do you have a citable source?
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Re:If you sell a house these days, the buyer might be a pens... by dvdhnt on Wednesday June 09, 2021 @06:41PM (#27454243)
> Most American households own their home.

Do you have a reference for that? I'm interested to see how it breaks down. I have to assume this is true because of America's aging population.

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Re:If you sell a house these days, the buyer might be a pens... by kregasaurusrex on Wednesday June 09, 2021 @06:58PM (#27454427)
There's data released directly by the US Census Bureau for this: https://fred.stlouisfed.org/series/RHORUSQ156N
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Re:If you sell a house these days, the buyer might be a pens... by throwaway2037 on Thursday June 10, 2021 @01:44AM (#27457157)
Wiki says 64.2% in 2018.

Ref: https://en.wikipedia.org/wiki/Home-ownership_in_the_United_S...

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