Who Owns America?
Note that most of our parents and grandparents, who are retired, own their own homes. The generation of the Great Depression, resulting from the stock market crash of 1929, knew that only the land will survive. So they bought it and kept buying it. You are never too old to own more land!
Home Ownership Rates by Age Group
Age Group |
% rate in 1985 |
Percentage-point change in rate of home ownership |
% rate in 2004 |
|
1985 to 1995 |
1995 to 2004 |
|||
U.S total |
63.9 |
1.2 |
5.9 |
68.6 |
Younger than 35 years |
39.9 |
–3.3 |
9.2 |
42.3 |
35 to 44 years |
68.1 |
–4.4 |
5.4 |
68.8 |
45 to 54 years |
75.9 |
–0.9 |
2.4 |
77.0 |
55 to 64 years |
79.5 |
0.0 |
2.7 |
81.7 |
65 years and over |
74.8 |
4.3 |
3.3 |
80.7 |
SOURCE: Housing Vacancy Survey, Table 15, U.S. Census Bureau, 2005
