It’s also worth noting that a substantial portion of the population growth in the last six years has probably involved people entering this country illegally. These people are far more likely to rent their homes than own them.
Yea, you’re correct; then again, to what extent are they “counted”. They may be, I just don’t know. Now I do believe that a large number reported as non-homeowners are “legal” immigrants who, like their predecessors, i.e. Italian and Irish immigrants, take some time to get settled into the economy. For example, I’ve read stories of Russian immigrants who land in NY; work there a year or more as cab drivers while going to school, etc. who simply can’t afford home ownership for a number of years because it takes them that amount of time to learn and settle into our “system”.