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The Evolution of the American Dream in Homeownership
Exploring the challenges faced by middle-class families in affording homes, this chapter examines the evolving notion of the American dream in relation to homeownership. It discusses the impact of rising house prices, institutional investors, stagnant wages, and increased debt on first-time homebuyers. The conversation delves into the shift towards renting over buying, the influence of financial institutions on the housing market, and the implications of a renter-dominated society.