News for hackers. Stuff that matters.

A comment on 92% of young people would sacrifice other perks for a 4-day workweek. Parent comment

Re:92% of young people would sacrifice other perks for a 4-d... by pb7 on Friday November 03, 2023 @04:30PM (#38134586)
> If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household.

But not owned by you… so it wouldn’t end up in the 30% of Gen Z own their homes statistic. I’m not really sure what you’re going on about here but none of it makes any sense.

[ Parent | on HN ]
Re:92% of young people would sacrifice other perks for a 4-d... by ItsMonkk on Friday November 03, 2023 @08:17PM (#38136722)
It would not. You have been misled.

Here's backup from wikipedia, or are they also not making sense?

> The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate. Many households that are owner-occupied contain adult relatives (often young adults, descendants of the owner) who do not own their own home. Single building multi-bedroom rental units can contain more than one adult, all of whom do not own a home.

> the home ownership rate is created through the Housing Vacancy Survey by the U.S. Census Bureau. It is created by dividing the owner occupied units by the total number of occupied units.

> https://en.wikipedia.org/wiki/Homeownership_in_the_United_St...

[ Parent | on HN ]