I'm surprised to see over 50% of top 40% owns their home outright. Are people paying off their home early or is this baby boomers who have lived in the same home for 30 years? I would like to see the age breakdown of each segment.
As housing costs increase and rent payments continue to flow to the top, inequality will continue to accelerate. Housing policy that promotes affordability needs more attention and effort behind it.
As housing costs increase and rent payments continue to flow to the top, inequality will continue to accelerate. Housing policy that promotes affordability needs more attention and effort behind it.