1
00:00:00,000 --> 00:00:02,760
Speaker 1: I'll tell you what, possibly my favorite stat from the

2
00:00:02,800 --> 00:00:07,040
Speaker 1: Census last week was home ownership is up. Who would

3
00:00:07,080 --> 00:00:08,920
Speaker 1: have thought, well, those of us that follow the facts

4
00:00:08,920 --> 00:00:11,520
Speaker 1: would have thought that. But the commentary around housing, sadly

5
00:00:11,560 --> 00:00:14,200
Speaker 1: these days, are dictated to us by pressure groups whose

6
00:00:14,200 --> 00:00:16,159
Speaker 1: best interests are served by telling us how broke we

7
00:00:16,200 --> 00:00:18,600
Speaker 1: all are, and are bettered by a media who sadly

8
00:00:18,600 --> 00:00:20,480
Speaker 1: don't ask a lot of questions anymore, and more often

9
00:00:20,480 --> 00:00:22,400
Speaker 1: than not, simply parrot whatever the press release of the

10
00:00:22,480 --> 00:00:25,440
Speaker 1: day says. And so the messages were trayed as one

11
00:00:25,440 --> 00:00:29,080
Speaker 1: of being unable to participate. We can't afford a house.

12
00:00:29,680 --> 00:00:33,919
Speaker 1: Housing is too expensive, Owning a home is increasingly a

13
00:00:34,080 --> 00:00:37,960
Speaker 1: cruel dream. Well, it's not true. The other stat I

14
00:00:37,960 --> 00:00:40,480
Speaker 1: often mentioned as first home bias throughout the past few years,

15
00:00:40,520 --> 00:00:42,800
Speaker 1: as housing costs have risen and access to money from

16
00:00:42,840 --> 00:00:45,360
Speaker 1: banks has become problematic. How many times have we heard

17
00:00:45,360 --> 00:00:47,920
Speaker 1: that so called young people have been locked out of

18
00:00:47,960 --> 00:00:52,000
Speaker 1: the market. Once again, I'm happy to report simply not true.

19
00:00:52,120 --> 00:00:55,360
Speaker 1: Percentage has remained amazingly static about twenty six twenty seven percent,

20
00:00:56,120 --> 00:01:00,160
Speaker 1: over a quarter of all sales are to first Timersen

21
00:01:00,240 --> 00:01:02,800
Speaker 1: as tells us the ownership rate in this country is

22
00:01:03,040 --> 00:01:05,080
Speaker 1: on the up. It's important for a couple of reasons.

23
00:01:05,080 --> 00:01:08,400
Speaker 1: One because hopefully it will impart silence the naysayers, and two,

24
00:01:08,480 --> 00:01:10,880
Speaker 1: in silencing them, remind us all of the role that

25
00:01:10,920 --> 00:01:14,559
Speaker 1: housing plays in this country. Psyche. We love houses, rightly

26
00:01:14,640 --> 00:01:16,959
Speaker 1: or wrongly, most of us aspire who own them. They

27
00:01:17,000 --> 00:01:19,560
Speaker 1: are shelter, the replace of pride and joy. They are

28
00:01:19,680 --> 00:01:22,039
Speaker 1: mechanism for savings, of course, And what the new stats

29
00:01:22,080 --> 00:01:24,319
Speaker 1: remind us of is the truth that for more and

30
00:01:24,360 --> 00:01:27,840
Speaker 1: more of us, the dream can be real. The narrative

31
00:01:28,120 --> 00:01:30,640
Speaker 1: is often wrong and driven by the wrong attitude owning

32
00:01:30,680 --> 00:01:32,560
Speaker 1: a house, of course, only a house, of course early

33
00:01:32,600 --> 00:01:35,120
Speaker 1: on has always been a battle, and so it should be.

34
00:01:35,280 --> 00:01:37,160
Speaker 1: I mean that way, you value it more. But getting

35
00:01:37,200 --> 00:01:39,360
Speaker 1: there is real, and the numbers now prove it, and

36
00:01:39,360 --> 00:01:41,600
Speaker 1: the numbers show more and more of us a part

37
00:01:41,600 --> 00:01:44,000
Speaker 1: of the dream. It is not, or has it ever been,

38
00:01:44,160 --> 00:01:47,880
Speaker 1: as bad as the wowses would make it out to be.

39
00:01:48,680 --> 00:01:51,600
Speaker 1: For more from the Mic Asking Breakfast, listen live to

40
00:01:51,680 --> 00:01:54,760
Speaker 1: news talks that be from six am weekdays, or follow

41
00:01:54,800 --> 00:01:56,360
Speaker 1: the podcast on iHeartRadio.