The Housing Affordability Crisis

The housing market was very affordable with low mortgage rates in the 2010s. The housing market was relatively affordable in 2020 and 2021 with generationally low mortgage rates in 2020 and 2021. Since 2022 the housing market has become extremely unaffordable with much higher mortgage rates. The ramifications of this move seem obvious. Many young people are out of luck if they don’t have help from family money. Lots...