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How private equity is changing housing

(www.theatlantic.com)
115 points harambae | 1 comments | 09 Dec 25 17:26 UTC | HN request time: 0.215s | source
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SirFatty ◴[09 Dec 25 18:47 UTC] No.46208853[source]▶
When we bought our first home, a townhouse, in the early 1990s the builder only sold to people that were going to live in said home. They helped save the down payment and made sure that utility payments (gas/electric) were under a certain amount each month (super insulated and heated with a hybrid hot water system). Bigelow Homes, they were on a few This Old House episodes in the 80s.

It would be nice to see that again, the new housing market is ridiculous now.

replies(1): >>46209067 #
HexPhantom ◴[09 Dec 25 19:01 UTC] No.46209067[source]▶
That sounds like an absolute dream compared to today's market
replies(1): >>46209368 #
lotsofpulp ◴[09 Dec 25 19:26 UTC] No.46209368[source]▶
Homeownership rates are not materially lower than before. Page 5 for the data, page 13 for the formula.

https://www.census.gov/housing/hvs/files/currenthvspress.pdf

I would bet most, if not almost all homes, are sold to buyers who will occupy them.

This graph goes further back:

https://fred.stlouisfed.org/series/RHORUSQ156N

More info:

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

replies(2): >>46209411 #>>46210760 #
SirFatty ◴[09 Dec 25 19:29 UTC] No.46209411{3}[source]▶
Median age of ownership? Skews older now I'm guessing.

I was talking about the younger crowd trying to get a start.

replies(1): >>46210428 #
1. JumpCrisscross ◴[09 Dec 25 20:48 UTC] No.46210428[source]▶
> Median age of ownership? Skews older now I'm guessing

First-time homebuyer (FTB) "average and median age stood at 36.3 and 33 years for the period Q3:24-Q2:25, and there has been minimal FTB average age change since either 2001 or 2021" [1].

[1] https://www.aei.org/articles/nar-says-the-typical-first-time...