One wonders how many voters in cities own any property, even their own house. I'm going to go out on a limb and say it's at least less than half. Possibly much less, but I'd like to see data if its out there. Obviously the sort that own property are more likely to vote, but there are many many more people who rent.
The homeownership rate in the US as well as in the UK is 65%.
What it means is that 65% of homes are occupied by their owners. It doesn't mean that 65% of people live in their own homes, but I suspect it is not too far off the share of people living in their own home or in a home owned by a family member or partner.
I guess the difference is people renting a room in a house occupied by its owner. Did I forget anyone?
It may not be the same at all in big cities though. I know that homeownership rates in London have collapsed far below 50% in recent years.
Yeah the cities thing was what I was thinking about mostly - in the countryside home ownership is higher as prices are less, less apartments and there are less big property owners.
Theres also the question of what it means to own ones house. A lot of people have a mortgage for their house, but the relationship between this and benefitting from the value appreciating is different for different people.
I can't really spend a lot of time on this right now to figure out why, but your data seems to be in direct conflict with a sister comments figure about home ownership in london. I don't want to draw any conclusions for which figure is correct, perhaps you have more domain knowledge and can explain?
None of the links in the sister support home ownership being below 50% in London. The third link shows a difference between white and non-white British ownership levels but that's it.
