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Re:The coming long-run slowdown in corporate profit growth a... by moffkalast on Wednesday September 04, 2024 @03:12PM (#41449455)
> Homeownership rates are high (significantly higher than Europe)

What's your data source for that if you recall, just curious?

Re:The coming long-run slowdown in corporate profit growth a... by n4r9 on Wednesday September 04, 2024 @03:21PM (#41449580)
This dataset suggests that it's around 65.7%, higher than the 62.9% in 1965 but lower than the 2004 peak of 69.2%: https://fred.stlouisfed.org/series/RHORUSQ156N .

Not sure that "consumption of manufactured goods" is a particularly good metric for measuring wellbeing, though.

Re:The coming long-run slowdown in corporate profit growth a... by moffkalast on Wednesday September 04, 2024 @03:30PM (#41449712)
That covid spike in 2020 is pretty interesting. Probably the percentage of people that rent something close to their workplace and could move home when WFH became a thing.

> The homeownership rate is the proportion of households that is owner-occupied.

I suppose there probably aren't better metrics available, but someone who lives in a rented out penthouse that's being financed by owning 20 rented out apartments wouldn't show up as a homeowner under this which is hilarious.

From what I can find [0] homeownership rates in the EU are typically north of 70%, and up to to 90% in some countries. Germany seems to be a real outlier at only 50%.

[0] https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.h....

Re:The coming long-run slowdown in corporate profit growth a... by n4r9 on Thursday September 05, 2024 @04:08AM (#41454593)
Yes, I'm not surprised that OP's comparison fails to hold up especially against the central/eastern European countries. The website you link is using a slightly different definition of homeownership but at 90% it must carry over to be more than the US. Which I guess just means it's a poor metric for anythig really.