I haven't really seen much written on this (maybe I'm just not looking) but what does the future look like when only the top 10-20% can afford a home? Do 80% of families rent forever with no real possibility of being able to buy a home near an economic center? What does that look like for the broader society when so much of the American dream and self-worth is built on being a homeowner?
I live in LA and I think about this a lot when I see the only homes for sale here going for $3-4+ million. How much longer can this continue?
I live in LA and I think about this a lot when I see the only homes for sale here going for $3-4+ million. How much longer can this continue?