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Generational Struggle with Housing Affordability and the American Dream
The National Association of Realtors reported a decrease in housing affordability to the lowest levels since the 1980s due to a stagnating economy and reduced home sales. This has led to a standoff between buyers and sellers, contributing to challenges in housing affordability. Many young adults, including a 24-year-old, are still living at home due to high rental prices, highlighting the struggle to achieve the American Dream of homeownership. The podcast explores the impact of these financial constraints on young adults and questions the feasibility of achieving the American Dream.