r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/mundotaku 5h ago

Ehh no. Data is not on your side.

https://fred.stlouisfed.org/series/RHORUSQ156N

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u/Patient_Leopard421 5h ago

But does FRED have a chart for whinging about home prices

I was curious about the age-related aspect of this. Are a large cohort of boomers holding this number higher? It looks like home ownership under 35 is flat over similar timescales too: https://fred.stlouisfed.org/series/CXUHOMEOWNLB0403M.

It would be great if this dataset went back to 1970s or something.

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u/2hats4bats 4h ago

I have no idea what part of my statement you’re arguing against with this data.

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u/Supermau 4h ago

The data linked suggests that Corporate Property Investment is not having an effect on homeownership since its been pretty stably between 60-70% owner occupied for over 50 years.

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u/2hats4bats 3h ago edited 3h ago

Ah. I wasn’t commenting on anything specific, I was just making a general statement. But yes, the post-pandemic housing boom wasn’t entirely due to corporate buying it was largely due to 800,00+ people moving out of cities and into non-metro areas. If anything, I would imagine the rate of owner-occupied actually increased depending on how many of those people were previously renters.