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Homeownership should be neither deified as a moral imperative nor presented as a sure-thing investment opportunity.
Read more from Michael Luca and Raymond Fisman: 🔗
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Homeownership rates at age 28:
Baby boomers - 44%
Gen X - 43%
Gen Z - 38%
At age 36:
Baby boomers - 64%
Gen X - 61%
Millennials - 57%
Young ppl were dealt a bad hand in housing
But Gen Z will be homeowners too
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Homeownership is the foundation of economic security.
The median age of a first-time homebuyer hit 40. That has to change.
Our 21st ROAD to Housing Act increases housing supply and reduces construction costs.
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Homeownership should be within reach for every American. That's why I was proud to support the bipartisan 21st Century ROAD to Housing Act.
When Democrats and Republicans come together to pass commonsense legislation, even without the President's support, it shows we're putting the needs of the American people first.
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The Homeownership Promise Act would create Homeownership Promise Accounts, a basic new standard for Americans that would allow any first-time homebuyer who saves $1 for a downpayment on a house to get a $5 match
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Is homeownership dead for young buyers? @fundstrat's Tom Lee heard the same call at the 2009 bottom. His take on housing, land, and long-term wealth. Get Fundstrat's July market read and top stock ideas:
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The Fed's Mortgage Policy Made Homeownership Cost More
Trump understood that high mortgage rates make homeownership unaffordable and committed to bring them down.
Instead, they’ve gone up thanks to his boost to inflation and the federal debt.
My chart for @nytopinion:
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What if I told you homeownership was possible again?
That you don't have to rent forever?
The new housing law is a giant leap toward making that vision a reality...
This is how we take the housing market back from Wall Street and return it to families where it belongs.
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