Consumers are increasingly pushing back against price increases

Re:Consumers are increasingly pushing back against price inc... by briHass on Sunday February 25, 2024 @07:11PM (#39506351)

See also many of the discussions about housing costs, on HN and elsewhere. Yes, housing is expensive, but somebody keeps paying those prices. Boogymen like private equity and landlords are often blamed, but looking at the data shows most houses are still bought by owner-occupiers.

[ Parent | on HN ]

Re:Consumers are increasingly pushing back against price inc... by bombcar on Sunday February 25, 2024 @09:09PM (#39506945)

It’s quite rare to meet someone who wishes they paid more for their current house, or that it was now worth less.

People do notice changes, however, even if they don’t contextualize them correctly all the time.

[ Parent | on HN ]

Re:Consumers are increasingly pushing back against price inc... by paulryanrogers on Sunday February 25, 2024 @09:37PM (#39507080)

The percentage of owners is trending downward. Homelessness and renting are tending upwards.

[ Parent | on HN ]

Re:Consumers are increasingly pushing back against price inc... by briHass on Sunday February 25, 2024 @10:19PM (#39507307)

The homeownership rate has been remarkably stable at around 65% for the last 50 years. It generally stays within 2-3% of that number, even though it does have periodic, temporary upward and downward trends.

I wouldn't call it an actual trend unless it falls outside the typical range and stays there for more than a few years.

[ Parent | on HN ]

Re:Consumers are increasingly pushing back against price inc... by nebula8804 on Monday February 26, 2024 @02:06AM (#39508353)

Can we measure % of homes transferred from parents to children? I know several millennials who inherited their houses from their parents when they passed away. There is no way they would be home owners otherwise.

[ Parent | on HN ]