This chapter delves into the housing affordability crisis in the US, detailing a family's struggle with the rising costs that compel them to rethink homeownership. It also looks at the broader implications of the crisis, including its influence on the rental versus buying decisions of Americans and its role in shaping the 2024 presidential contest.
The long tail of the Great Recession and the aftermath of the pandemic have resulted in a major housing affordability crisis in the US — and it’s hitting everyone from homeowners to renters.
Today, Big Take DC host Saleha Mohsin digs into how we got here and whose problem it is to fix. She’s joined by Shaun Donovan, the secretary of Housing and Urban Development during the fallout of the 2008 financial crisis, and by Daryl Fairweather, a chief economist at Redfin.
Read more: Mortgages Stuck Around 7% Force Rapid Rethink of American Dream
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