"The biggest failure of the last administration — and arguably the primary reason that voters 'threw the bums out' and put Trump in office — was the cost of housing. The price of a house jumped by about 50% during Biden’s term, and spiking interest rates meant that the effective cost of buying a home more than doubled. Rents skyrocketed as well, jumping more than 26% over those four years. Since owning a home is an iconic part of what it means to be an American, the fact that this milestone has become woefully out of reach to the current generation of Americans has had a massively disillusioning effect on our society."
~ Basel Musharbash
"Messing With Texas: How Big Homebuilders and Private Equity Made American Cities Unaffordable
Dallas was one of the last big cities in America where a working family could buy a house. No longer. And it's not because of zoning policy—it's because of corporate consolidation and private equity"
https://www.thebignewsletter.com/p/messing-with-texas-how-big-homebuilders
No comments:
Post a Comment