Housing Market Whiplash Locks out Millions of Workers

On today's episode Walter Smolarek and Prof. Richard Wolff discuss how huge numbers of people are being locked out of the housing market amid soaring interest rates and home prices, marking a dramatic reversal for millions of people who were hoping to buy their own home. With prices spiking for renters as well, the failure of the capitalist market to provide something as basic as affordable shelter is on display.

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.