Because this periodically comes up, I'll take advantage of the fact that we have new CPS-ASEC for 2023 data to update some graphs on homeownership (and grind an axe that bugs me about the discourse). The TLDR: homeownership rates for prime aged adults really have declined a lot. The way these discourse cycles usually start is that some journalist will write a piece about how housing is becoming unaffordable (in the 2010s the focus was usually about skyrocketing prices in NYC/SF, lately its been about interest rates) and homeownership is out of reach

This meme has gotten completely out of hand and is incredibly wrong and dumb! It is making me very angry! So angry I spent most of the morning mucking around in 1930/1940 Census microdata. Here's a thread on what the actual numbers are:

https://twitter.com/WallStreetSilv/status/1698127645391671624

1) just to get this out of the way, these numbers appear to be sourced from thin air, although everyone seems to be using the same nonsense numbers. A better sociological detective than me should probably track down the origin and spread of this.

Bad air quality today, due to wildfire smoke from fires in Canada -- particularly in Wisconsin, CO/KS and MT/Eastern WA Still cool to me that the Purpleair network is sufficiently dense you can zoom out and trace the near-surface smoke plumes