“Most people don’t own a home for 30 years or even 10 years”
I suspect this is a Lie with the facts.
Until you are 22, most people don’t own a home, they are
domestic chattel or students at a school.
if you look at the stats, historically 40%-50% of the American public
don’t own homes.
Now lets see why?
Age
1-18 Dependent minor (0% home owndership)
18-22 College student, Military service, etc (1-5% home owndership)
22-30 Swinging singles (15% home owners)
30-45 Married couples, divorcees, bachelors,spinsters,gays 50% Owners
45-60 Middle aged (70% owners)
60-80 retirees, nursing home resident, snowbirds (40% owners)
So sure, 40% never buy a home, 30% own homes for a while, 30% lifelong.
You could do the analysis out other ways, but its the same story.
