Occupier is the person who takes possession of a property such as dwelling, a piece of land or premises as an owner, tenant or trespasser. A trespasser can become a lawful tenant, if the owner accepts the rent offered or an owner by adverse possession. Home owner ship rates changes according to the demographic characteristics of households like ethnicity, race, type of household, location and type of the settlement.
The rate of the home ownership is decided by the House Vacancy Survey taken by US census Bureau. This will be decided by dividing the owner occupied units by the total number of occupied units. The rate is varied from race to race and Whites had the highest home ownership rate followed by Asians and Native Americans. The rate of home ownership is increasing with the age of the owner or the occupier till the age of 65 and then a slight decrease is visible.
The highest ownership rate is between the ages of 70-74 with home owners of about 93.3%. The rate also varies according to the income of the family and hence houses of people with higher incomes were larger, newer and more expensive with more amenities.
Tags: enlightened wealth institute · ewi · real estate investment · real estate marketingNo Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.