The Urban Institute released a report last week with some interesting news for household and homeownership growth. The report showed homeownership rates are likely to fall in the next two decades, with the exception of the Hispanic homeownership rate which will rise to above 50% and plateau for most of the next decade. Every other ethnic demographic is expected to see percentage declines as the overall population continues to get older. While percentages will decline, the total number of homeowners will increase. The report says that “the net growth in the number of homeowners between 2020-2040 will come from people of color, especially Hispanics”. The UI estimates that from 2020-2040, there will be a net gain of 6.9 million homeowners. Hispanic homeowners will grow by 4.8 million, Black homeowners will increase by 1.2 million homeowners, other races (mostly Asian) will grow by 2.7 million homeowners, and the total number of non-Hispanic white homeowners will drop by 1.8 million. I encourage you to read the executive summary and full report here. There will be lots of job security in the housing industry for agents and corporations that hire and market intelligently to Hispanic consumers. I hate to say it, but I told you so!
Some call it selfish; I call it the American way. In this episode, I break down why voting for policies that improve your life isn’t just your right—it’s how the system was designed to work. When we vote our own interests, we build a country that works for everyone.
Michael Jordan wasn’t picked first in the NBA draft—he wasn’t even picked second. Why? The Portland Trail Blazers hired for position, not for talent, and passed on the greatest basketball player of all time. In this episode, I explain why employers make the same mistake, and why the smartest leaders hire the best people they can find—regardless of position.
Politicians on both sides have overreached—ICE raids and the war on DEI have gone too far, and history tells us there will be a rebound. In this episode, I explain why attacks on Latinos may end up uniting us more than ever before, and why the backlash could be a turning point for our community.