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Why Millenials Can't Afford Homes
- chiefalchemist 3y agoSolid analysis. However, the writer missed one key component, The Key Component, in housing prices increasing. That is, the 30 yr mortgage. The 30 yr mortgage made more homes more affordable - temporarily - to more families. However, that increase in demand naturally drove up prices. The fact the government manipulated the rates to make them even lower exasperated the problem. Fwiw, Sam used the same tactic (i.e., artificially cheap loans) did the same to the "affordability" of higher edu.