In the west the numbers are absolutely way lower than that, and that’s in addition to it being home "owner"ship (where the real owner is the bank you’re paying a mortgage to until you die)
The US is an especially bad case because people move so frequently in the US. And almost no one buys a home with the full amount up front. Taken together this means that most homes are never fully paid off and the house is just sold and a new one bought before any “real” ownership (i.e. the bank isn’t able to reposess your house if you stop making mortgage payments) occurs.
In the west the numbers are absolutely way lower than that, and that’s in addition to it being home "owner"ship (where the real owner is the bank you’re paying a mortgage to until you die)
Like there is absolutely no fucking way >50% of people in the U.S. own a home, even if they’re still paying on it. 10000% made up bullshit
The US is an especially bad case because people move so frequently in the US. And almost no one buys a home with the full amount up front. Taken together this means that most homes are never fully paid off and the house is just sold and a new one bought before any “real” ownership (i.e. the bank isn’t able to reposess your house if you stop making mortgage payments) occurs.
Maybe not among millenials, but take boomers into the equation and it starts to look more realistic