[mellavora]

and the trend is clearly and strongly towards fewer owners.

Look at the percentage of houses bought by PE vs individuals in 2021.

https://www.redfin.com/news/investor-home-purchases-q3-2021/ Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

yes, I know 18% < 1/3. But I also know that 18% > 6%, which was the figure in 2000.

the trend is pretty obvious.

[HWR_14]

You can look at the percentage of people in the under 45 bracket, and it's been trending down for decades. The total is probably remaining high because the lifespan was going up.