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Re:Nearly 40% of U.S. homes are mortgage-free, census shows by bart_spoon on Tuesday December 12, 2023 @09:33AM (#38612601)
Or it just could be more polarization between the haves and have nots in the economy. Fewer in the younger generations can afford housing than previous generations could at that age, so the pool of US homeowners is going to skew to the older, more financially established boomer generation who bought homes decades ago for much cheaper.
Re:Nearly 40% of U.S. homes are mortgage-free, census shows by mrfox321 on Tuesday December 12, 2023 @09:35AM (#38612640)
This is my belief as well.

In California, the haves will have houses. The have nots will have ADUs.

Our world is structuring itself to (more) obviously reveal the wealth disparity.

Re:Nearly 40% of U.S. homes are mortgage-free, census shows by oblio on Tuesday December 12, 2023 @09:34AM (#38612625)
Is there some sort of metric/data/graph for housing concentration? I'd imagine older people might have several properties if many of them bought a main residence, a summer home, etc, 30+ years ago when they were somewhat cheap.
Re:Nearly 40% of U.S. homes are mortgage-free, census shows by dublinben on Tuesday December 12, 2023 @09:39AM (#38612703)
There’s a clear correlation between age and homeownership. The data is relatively stable over time though.

https://www.census.gov/housing/hvs/data/charts/fig07.pdf