this post was submitted on 30 Aug 2026
1385 points (99.6% liked)

Work Reform

17847 readers
2 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] scytale@piefed.zip 7 points 1 month ago (2 children)

I was shocked to learn that the average homeowner in the US lives in their house for only 7 years. I think it’s due to the nature of how huge the country is and that something as simple as a job change means you have to move across the country and sell your house. There’s also the culture of always upgrading.

I grew up in a place where you usually buy once and live there forever, so equity isn’t really too important. But then again it’s a more centralized way of living where you can stay in place for most of your life.

[–] WoodScientist@lemmy.world 3 points 1 month ago (1 children)

I was shocked to learn that the average homeowner in the US lives in their house for only 7 years.

I wonder how much of this is a question of what average is being used. It's the old median vs mean problem.

Elon Musk and a hundred homeless people are in a room. By the mean, the average person in that room is a billionaire. By the median, the average person is homeless.

I'm really curious whether that 7 year average figure is based on the median or mean. Because I could see it being really skewed by young people in their twenties that move around a lot.

[–] scytale@piefed.zip 1 points 1 month ago (1 children)

skewed by young people in their twenties that move around a lot.

Those people tend to rent and not own though.

[–] WoodScientist@lemmy.world 1 points 1 month ago (1 children)

Sure. But I think the seven year figure is how often people "on average" move, not just how often people sell and buy new homes.

[–] scytale@piefed.zip 1 points 1 month ago

I did a quick search and apparently it’s around 12 years in 2024 now.

In 2024, the average length of U.S. homeownership is 11.9 years. While this number is nearly double the length of 6.5 years in 2006, home ownership has been on the decline since 2020

https://www.consumeraffairs.com/finance/what-is-the-average-length-of-home-ownership.html

So this is actually only counting people who bought a home and moved out later, not just people moving in general.

[–] ellen.kimble@piefed.social 2 points 1 month ago

I bought land with this mentality. Permanently reducing my costs and investing in off-grid infrastructure to make retirement cheaper.

I think it’s also the culture of seeing real estate as an investment. People buy houses planning on selling after they’ve lived there. I personally don’t think I can tolerate the risk of using equity as leverage for paid off land, because then there’s a risk the bank will take it. I’d rather leverage things I can live without if the bank takes it for whatever reason.