Financial Strain and the Housing Market

This chapter examines the looming financial challenges for families as the child tax credit and tax refunds face cancellation in January, potentially stirring discontent within the Democratic Party. It delves into the state of the housing market, reporting unprecedented home price increases and highlighting the growing gap between incomes and housing costs, particularly in states like Texas. The discussion further explores the shift from buying to renting amid rising property prices, influenced by trends in private equity and the impact of remote work on real estate dynamics.