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singron t1_j1v312s wrote

Reply to comment by Upstairs-Wheel-8995 in 2023 tax credits for EVs will boost their appeal by PhantomWizard2099

Most homes are owned by their occupants in the US (homeownership rate is 65%). I don't think it's directly tracked by the census, but it's likely that most people are part of a household that owns their own home.

Declines in home ownership are often people choosing to marry and/or buy houses later in life, so the odds that someone eventually buys a home are still pretty high.

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Upstairs-Wheel-8995 t1_j1v3x3q wrote

Ownership doesn’t occur until after the mortgage is paid. Banks own the homes, not people. The median age for first time homebuyers are 33. Most loans are 30 years. You don’t own shit until you’re about to die, and that’s if taxes don’t force you out of your home.

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GentlemenBehold t1_j1v9po0 wrote

We're talking about installing a EV home charging kit.

None of what you just said, inaccuracies and all, matters in that regard.

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JonstheSquire t1_j1we073 wrote

That is not true. The legal owner is the mortgagor (homeowner) , not the mortgagee (bank).

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