Nearly 40% of U.S. homes are mortgage-free, census shows
1–10 of 82 posts
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#2Interesting introduction for a missing article. And that graph… maybe the funniest part is when they chose to only represent a single decade and then note that one of those ten years doesn’t even have data.
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#3How many were houses bought with a scant PPP loan that never has to be paid back
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#4Interesting introduction for a missing article. And that graph… maybe the funniest part is when they chose to only represent a single decade and then note that one of those ten years doesn’t even have data.
Not really. A ten year trend is decently long and the one missing year in a monotonically increasing trend is unlikely to affect your understanding
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#5How many were houses bought with a scant PPP loan that never has to be paid back
There's a pretty consistent slope in the plot since 2012, and the steepest point was in 2012-2013, so it's probably negligible relative to other factors.
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#6Well sure. The homes my landlord rents are mortgage free. I can say the same for folks I know with 2nd vacation homes and airbnb rentals.
For the rest of my anecdata: For folks I know living in their own households, about 20% have it paid off. About half of those folks own multiple homes.
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#7Interesting introduction for a missing article. And that graph… maybe the funniest part is when they chose to only represent a single decade and then note that one of those ten years doesn’t even have data.
IIUC, it's because the data only goes back to 2010.
https://data.census.gov/table?q=Owner-occupied%20units%20wit...
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#8Well sure. The homes my landlord rents are mortgage free. I can say the same for folks I know with 2nd vacation homes and airbnb rentals. For the rest of my anecdata: For folks I know living in their own households, about 20% have it paid off. About half of those folks own multiple homes.
This specifies owner-occupied.
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#9How many were houses bought with a scant PPP loan that never has to be paid back
HEY! They earned that!
Now shut up and pay back your $130k worth of predatory and usurious student loans, freeloader.
Re: Nearly 40% of U.S. homes are mortgage-free, census shows
#10On alternate days we discuss the fact that REITs buy homes for cash.