Why Homeownership Is Slipping Out of Reach
Owning a home has always been seen as a major life goal — a sign of stability and success. But today, more and more people are realizing that dream may be getting out of reach.
Sky-high prices, rising interest rates, and stagnant wages are making it harder than ever for everyday people to buy a home. Saving for a down payment feels impossible when basic living costs keep climbing. Even when buyers are ready, they face fierce competition from investors and corporations who can pay cash and drive prices even higher.
At the same time, there’s a major shortage of homes. Builders slowed down after the 2008 crash, and now material costs, labor shortages, and zoning restrictions are keeping new homes from hitting the market.
Without serious changes, homeownership could become something only the wealthy can achieve. This would widen the wealth gap even more and leave entire generations without the chance to build financial security.
The dream isn’t dead yet — but it’s definitely under threat.
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