The comparisons at the top are simply irrelevant. You’re comparing ownership (financial and control) with production. Very few people build their own home, and close to zero (in the modern world) do so directly rather than by contract. Reasonable comparisons would be “how many households pay for and own their food/clothing that they use”. Which is close to 100%.
Rental is by far the weirder situation. Almost nothing you use day-to-day is rented, even things that have residual value, like your computer, your clothing, your tools. Your car may be, but it’s likely an agreement that looks a lot more like ownership with guaranteed buyback than like rental. Really, only housing is commonly rented rather than owned.
I didn’t read thoroughly, but found similar confusion throughout—like the weird belief that any of your assumption list isn’t baked into your rent. And the utter lack of consideration that the purpose of ownership is control—there is very benefit in being able to do what I want to my residence, to maximize my personal value, even if a landlord would disagree.
I won’t go so far as to say that everyone should strive to own their home, at least for long enough to understand the tradeoffs. I will say that 63% seems pretty reasonable to me.
The comparisons at the top are simply irrelevant. You’re comparing ownership (financial and control) with production. Very few people build their own home, and close to zero (in the modern world) do so directly rather than by contract. Reasonable comparisons would be “how many households pay for and own their food/clothing that they use”. Which is close to 100%.
Rental is by far the weirder situation. Almost nothing you use day-to-day is rented, even things that have residual value, like your computer, your clothing, your tools. Your car may be, but it’s likely an agreement that looks a lot more like ownership with guaranteed buyback than like rental. Really, only housing is commonly rented rather than owned.
I didn’t read thoroughly, but found similar confusion throughout—like the weird belief that any of your assumption list isn’t baked into your rent. And the utter lack of consideration that the purpose of ownership is control—there is very benefit in being able to do what I want to my residence, to maximize my personal value, even if a landlord would disagree.
I won’t go so far as to say that everyone should strive to own their home, at least for long enough to understand the tradeoffs. I will say that 63% seems pretty reasonable to me.
Point, I’m not sure the analogy is correct here. Too many mistakes, moving this to draft, probably not worth debating in favor of.