The house, the yard and the picket fence have long been part of the American Dream. Owning a home is lauded as a way to grow your wealth and pass it down to future generations. But high demand and short supply, coupled with today’s soaring interest rates, have made home ownership out of reach for many Americans. Opinions columnist Catherine Rampell and associate editor Alexi McCammond join deputy editor Charles Lane to talk about the cultural and financial forces at work and the generational shift in thinking about whether buying a house is the best place to put your money.
Read more from the Washington Post:
“The YOLO economy is saving American cities”
“Cities try every tool to fix the housing shortage except what works”
“Stop blaming millennials for the housing crisis”
Take advantage of our Memorial Day sale and subscribe to The Washington Post for just 99 cents every four weeks for your first year. This deal runs from May 21-June 3, 2024. Subscribe here.