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Whether through The Great Recession, student loan debt, urbanization, or a desire to be more mobile, homeownership is declining in America. One projection suggests that the majority of new households will be renters, not owners. Only 41% of new households will buy their own home. Regardless of the cause, the effect on America’s economy may be large. Much of the consumer economy is based on household goods: furnishings, DIY materials, appliances – things purchased more by owners than by renters. Big box stores may have to shift to corporate clients more than retail customers. Projections are tricky, though, because a long recovery can improve optimism and another recession could convince many to never buy again.

(Click on the photo for the link.)

“Why Americans’ Waning Love Affair With Homeownership Could Spell Trouble” – Guardian

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