At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Honesty is saying that home prices have to fall. But this is progress.
The Generation Squeeze folks have recommendations.
Isn’t that the point? The market crashed in 2022. Any action now is only coming to try and reverse course.
That, or to ride on the crash’s coattails, I suppose. “Look what I did!” – even though nothing was done.