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housing affordabilityVox
•75% Informative
By one measure, housing affordability has fallen to its lowest level since the 1980s .
High interest rates have exacerbated the problem, ballooning monthly mortgage payments.
Would-be sellers are locked into homes that may be too small for their growing families.
Parents with newly empty nests would rather stay put than pay the same amount or more for a smaller home.
Nicole Friedman: Are the boomers really part of the problem, or should we leave boomers alone? She says boomers are aging in place more than past generations, and they are often working longer.
People are staying in their home for longer, and that does contribute to less turnover on the ladder of how people move through the housing market.
Right now, that gap between what it costs to rent and what it costs to own in a lot of places is pretty out of whack. It’s just much more expensive to buy right now than it typically is. And I think that people are realizing that and trying to come to terms with what it means. But it’s also a bigger question as a society, how much we want to prioritize homeownership and homebuying affordability..
VR Score
75
Informative language
70
Neutral language
63
Article tone
informal
Language
English
Language complexity
27
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
8
Affiliate links
no affiliate links