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A comment on Americans still think they can make money flipping houses. Parent comment

Re:Americans still think they can make money flipping houses by yvan-eht-nioj on Saturday July 09, 2022 @09:05AM (#32034706)
"...more people own homes than at any other point in history..."

I'm not sure about elsewhere, but rates of home ownership in Australia have declined since the 1980's [1], neatly coinciding with a decline of interest rates [2] and a rise in house prices as a proportion of income [3].

[1]https://www.aph.gov.au/About_Parliament/Parliamentary_Depart... [2]https://www.rba.gov.au/statistics/historical-data.html [3]https://www.aph.gov.au/about_parliament/parliamentary_depart...

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Re:Americans still think they can make money flipping houses by nemo44x on Saturday July 09, 2022 @09:09AM (#32034731)
Look at total numbers.
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Re:Americans still think they can make money flipping houses by llampx on Saturday July 09, 2022 @09:34AM (#32034941)
Care to elaborate why absolute values are better than rates here?
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Re:Americans still think they can make money flipping houses by nemo44x on Saturday July 09, 2022 @10:08AM (#32035216)
Because western countries import a lot of people that rely on urban rentals. Also younger people tend to favor starting a family later in life as they develop their careers (and are more interested in urban life) meaning apartment life is preferred.
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