Been seeing posts about how 30-35 years ago someone with a relatively modest job could own a home.
Personal homeownership is becoming a thing of the past. We'll look back in another 35 years and marvel that people used to actually be able to buy their own homes, rather than renting from the private equity megafunds buying up distressed rental properties around the country right now.
One example. “The private equity firm Blackstone, the largest owner of commercial real estate in the world, is expanding its portfolio of rental housing and commercial real estate in the United States.” https://www.nytimes.com/2022/02/16/business/blackstone-real-estate-acquisition.html
The only people who will own their homes in 2050 and beyond will be the few high income folks buying them today, who hang onto them for the next three decades as mortgage rates soar and rent inflation skyrockets. Homes will be passed to their children as key family assets.
And God help the renters in 2050.