@wilfredo@fosstodon.org
This is the definition of broken:
Americans need to earn 70% more today than six years ago to comfortably afford a median-priced home, per Realtor com.
It gets worse: There are now more homebuyers over age 70 than under 35, per FORTUNE.
Do you realize what's happening?
We may be witnessing the end of middle-class homeownership
The post-WWII model of widespread homeownership was built on cheap land, abundant construction labor, and reasonable building costs.
Those conditions no longer exist
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