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If they wished to show the effects of the MID, I wish they would have started by comparing a renter vs. a homeowner that were in more similar circumstances. Of
by terminlvelocity 9y ago
If they wished to show the effects of the MID, I wish they would have started by comparing a renter vs. a homeowner that were in more similar circumstances.
Of course a family with 2 adults that are 10+ years older and waited a decade longer to have kids are going to be in a very different financial situation than a 26 year old single mom that makes 13% of the income of the couple. How does such an apples-to-oranges comparison remotely demonstrate that the MID is the "engine of American inequality?"
But perhaps the point is that the renter has no chance of escaping her current situation? The story of the homeowners proves that it is absolutely possible to do so. Recall that Asare grew up poor. While we don't know much about his wife's background, we do know that the two were also renters for years, before a nonprofit program helped them buy their first house.