The Real Reason Behind the Affordable Housing Crisis
Are homes truly unaffordable, or are we just buying bigger houses? While home sizes have increased over generations, the real issue is the widening gap between income growth and home prices. Unlike the past, wages haven’t kept up, making today’s 6% mortgage rates feel just as burdensome as the 18% rates of previous decades. The affordability crisis isn’t just about interest rates—it’s about purchasing power. Understanding this shift is key to solving the problem. What’s the way forward?
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