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Old 02-08-2018, 05:15 AM
 
Location: The Triad
34,090 posts, read 82,716,942 times
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Quote:
Originally Posted by AZ Manager View Post
...shows as of December 2017 that 31.4% of homes are renter occupied
with 12.2% of homes vacant and 56.4% are homeowner occupied.
Does home = a household or a type of structure?
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Old 02-08-2018, 05:18 AM
 
Location: Phoenix, AZ area
3,365 posts, read 5,211,252 times
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Quote:
Originally Posted by MrRational View Post
Does home = a household or a type of structure?
It is all housing so apartments, townhomes, condos, duplexes, etc.
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Old 02-08-2018, 05:23 AM
 
106,242 posts, read 108,237,907 times
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Quote:
Originally Posted by carmenn View Post
Do you have any suggestions as were to look for relevant basic financial courses?
I mean, you can find them online but, it seems to me that relevant courses would have to be focused on actual day to day examples so that anyone (with any background) can understand them.

Thanks
the problem is the world is filled with what sounds to be great mantras but in practice mean little .

buy low sell high is one of those silly mantras , where is low ? we all thought low was when we fell 2000 points in 2008 . who knew we had 4000 more to go which either hit stop losses or send investors trying to time things bailing out at losses . buy high and sell higher has made more money for investors than any other mantra . the trend is your friend .

the most spewed is live below your means .

but what does live below your means actually tell you ? not to much . what is means today can flip on a dime with divorce-illness -job loss .

living within your means has a whole lot more to do with the ratio of discretionary to non discretionary spending than just the amount you live on . when you have a budget that is certainly within your means but everything is a need and not a want , there is no where to cut back . it has to do with preparing for the big 3 that eventually hits us all that i listed above . how do you prepare and protect ? that is all part of living within ones means .

so there needs to be a whole lot more that needs to be learned than the sayings you see typically spewed on forums .
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Old 02-08-2018, 05:39 AM
 
Location: Phoenix, AZ area
3,365 posts, read 5,211,252 times
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Quote:
Originally Posted by carmenn View Post
You become a nation of renters starting with shifts in ownership at city level first (42 out of 100 cities are now renter majority); you cannot instantly see the shift in national numbers, but that't just around the corner.
Nah, just a bunch of meaningless assumptions. Homeownership rates (owner occupied/all occupied) have held fairly steady over the last two decades, with the expected peak at the peak of the housing boom and it dropped back down to a normal healthy level after the bust, drops around recessions are normal. The rate has been rising steadily and you can expect it to rise for the foreseeable future until the next bubble pops. The previous linked data shows 4th qtr 2017 at 64.2% (and trending up) vs 4th qtr 1996 at 65.4%.

When homeownership rates drop below 55% then maybe there would be something to talk about.
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Old 02-08-2018, 09:56 AM
 
33,016 posts, read 27,388,296 times
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In 36 states, rental property is taxed at higher rates than owner-occupied primary residences. As we transition to nation of renters. I'd like to flip that on its head and tax owner-occupied homes at higher rates than rental property, and use those owner-occupied taxes to mitigate the rental crisis.
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Old 02-08-2018, 10:03 AM
 
33,016 posts, read 27,388,296 times
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Quote:
Originally Posted by AZ Manager View Post
Our government puts out data on this and it shows as of December 2017 that 31.4% of homes are renter occupied with 12.2% of homes vacant and 56.4% are homeowner occupied. That is FAR from becoming a nation of renter's.

You can find the full data here and they release a new report quarterly: https://www.google.com/url?sa=t&sour...wm9WzNpeMUA4hb

Only homes without an owner present are defined as renter-occupied, e.g. a house with five renters and one owner is owner-occupied. Which suggests that renters might comprise a larger proportion of the population than the number of renter-occupied homes indicates.
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Old 02-08-2018, 12:20 PM
 
Location: North Idaho
32,565 posts, read 47,729,085 times
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If you want to live in one of the biggest cities, rentals avalable are apartments in high rise buildings. The centers of the big cities are not full of block after block of single family homes with large yards.

So, yeah, if you want to live in the big city, renting is going to be your most common option.
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Old 02-11-2018, 06:44 AM
 
33,016 posts, read 27,388,296 times
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Quote:
Originally Posted by oregonwoodsmoke View Post
If you want to live in one of the biggest cities, rentals avalable are apartments in high rise buildings. The centers of the big cities are not full of block after block of single family homes with large yards.

So, yeah, if you want to live in the big city, renting is going to be your most common option.

NYC is the only big city in North America that is full of apartments. Homeowner majorities in other big cities have used zoning to restrict the supply of high-rise buildings.
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Old 02-11-2018, 12:26 PM
 
Location: Minnesota
2,606 posts, read 2,166,168 times
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My husband worked for a company based in Germany so we had a lot of contact with people from Germany. One guy who had been in the US was really amazed that Americans put such stock in home ownership. We were out to dinner and happy we had just closed on our first house.

He said a large majority of Germans (in Germany) rent. The thought it was such trouble taking care of home/house and that with a landlord they deal with all of that expense so he doesn't have to. I said surely the landlord is not in the negative and making money otherwise why else would someone bother being a landlord. I also said at least we have a investment /home after years of paying monthly and you have nothing after years of paying rent. He really didn't seem to understand that owning something after all those years of paying was a good thing.

I just think it is how it works in Europe, at least Germany, just a total different mentality on home ownership .. Just who are all these landlords(in Germany) if there is so much rental going on,(is it the elite 1%?) that has convinced most that renting is better? Maybe buying is just so out of reach for the average that they have convinced themselves that renting is better anyway.
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Old 02-11-2018, 06:16 PM
 
Location: Eugene, Oregon
1,396 posts, read 1,500,770 times
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Quote:
Originally Posted by MikeJaquish View Post
Quote:
Basic financial knowledge is imperative for financial discipline to be useful.
And, basic financial knowledge is not common enough.
Both discipline and knowledge help, but cannot overcome endlessly rising rents/prices. Will discipline get a teacher in the San Francisco schools their own house within a reasonable commute? I don't think so.
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