Quote:
Originally Posted by dewilson58
I read the article.
My small mind is confused.
What about the other 11%...........does that mean 11% are renting. Is so, that seems low.
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dew, let me help your confusion:
The original article states: "
Based on the homeownership rate — the share of housing units that are owner-occupied"
So, yes the other 11% are rental units.
The article went on to say: "
The areas with the highest ownership rates tend to have larger shares of older residents, who are generally more likely to have accumulated the capital necessary to purchase a house."
Hope this helped.