The United States has developed a split housing market. There are cities where homes have become extremely expensive, and others where home prices have stayed low. Look at it from the perspective of a young family: In the expensive cities, it probably seems as though homes have been spectacular investments for their parents, but now housing is overpriced and makes for a poor investment. In the cheaper cities, it may appear as though their parents’ homes haven’t been such spectacular investments.
So, for those young families, the American dream seems to be a one-time asset bubble. Now it’s done, and all …
Something to Consider
If you valued reading this article, please consider joining our fight by donating to our Fall Webathon. Your contribution makes it possible for us to continue our mission of speaking truth and defending conservative principles.