The 1990 census showed that 36% of the households in the District of Columbia were homeowners, while the remainder were renters. During the next decade 6% of the homeowners became renters and 12% of the renters became homeowners. (a) What percent were homeowners in 2000? In 2010? (b) If these trends continue what will be the long run fraction of homeowners? Solution a ) in 2000, percent house holders = 36 + 7.68 - 2.16 = 41.52 in 2010 percent hoouse holders = 41.42 + 7.0176 - 2.4912 = 45.7264 b ) fraction of homeowners = 1.