INVESTMENT STRATEGY
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Home Ownership: An American Pipe Dream? FOR MANY AMERICANS, THE POSSIBILITY OF BUYING A HOME IS BECOMING INCREASINGLY UNATTAINABLE.
by Taylor Miller
ome ownership is a pillar of American culture. It
recent inflationary surge in pricing of everyday goods and the rise in mortgage interest rates has discouraged many middle-class families from entering the heated housing market. On the other side of the coin, builders are taking notice of the slowing demand and proceeding cautiously with new starts. Data shows new home starts have been declining month to month for most of this year. Supply chain issues
and economic uncertainty are also factors weighing on builders across the country. With demand slowing and supply of new housing trickling to record lows, there seems to be little to no relief on the horizon for home affordability.
H
represents independence, status, and upward mobility. One could even say it’s one of the first steps in achieving the coveted “American dream.” Frighteningly, that is just what it has become for many Americans: a dream. Home ownership across America is becoming exclusively reserved for the wealthiest and most affluent demographics. The
INFLATION AND INTEREST RATES
In the first half of 2022, inflation and rising mortgage interest rates
44 | think realty magazine :: september - october 2022
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