Saturday, February 18, 2017

A bonafide verification of the sectags

A report:
A Close Look at the Decline of Homeownership Andrew Haughwout, Richard Peach, and Joseph Tracy

Looks at why the graph below is declining, fewer of us buy homes.

Their conclusion:

However, we find evidence of a secular decline in homeownership for most age cohorts dating back to the early 1980s. 

We can see that it went way up from 1995 to  2005, then right back down.   Housing is a generatipnal thing, so if we edpect our economy to be doing generational things, then house prices will have the 50 year swing, from copter to copter.

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