> In addition to high prices, Americans continue to grapple with an impenetrable housing market, persistent income inequality, and rising debt, prompting some t

> In addition to high prices, Americans continue to grapple with an impenetrable housing market, persistent income inequality, and rising debt, prompting some to think that the so-called “American Dream” is broken. I think the main reason for this is that improvements implemented after the subprime mortgage crisis worked too well - in that, now, every buyer is guaranteed to be able to afford the monthly payment for their home. The crash in home values only happened because the market was flooded with foreclosures in a very short period of time, and that isn't happening now. Although maybe people can only make their mortgage by putting more of their spending on revolving credit[0]. 0: https://abcnews.go.com/US/credit-card-users-avoid-mounting-debt-bills-reach/story?id=106479070 https://abcnews.go.com/US/credit-card-users-avoid-mounting-d...