Listen: China, Auerbach And Marshall discussed on Thom Hartmann
"Five percent of American homes are occupied by people who own them. Now, how does that compare with China? In China ninety percent of families in the country own their own home, giving China, one of the highest homeownership rates in the world. Eighty percent of those homes are owned outright, no mortgages, no liens on top of this north of twenty percent of urban households. People live in big cities on more than one home. San and here's where it gets. I mean, this is this is like this, like gets us into where it all came from and how it happens seventy percent of Chinese millennials. These are people young people in nineteen to thirty six years old, seventy percent of them already own their own homes, American young people cannot afford to buy homes Marshall, Auerbach rights, because they are saddled with student debt,"