Tag: renting

  • Broken By Design Part 7: The Housing Trap: How Zoning Laws and Investment Firms Stole the American Dream

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    This is Part 7 in our series on systems rigged against regular people. Part 1: Rankings | Part 2: Language | Part 3: Follow the Money | Part 4-6: Healthcare Series The Numbers Tell The Story 1980s: Median first-time homebuyer age: 29 2024: Median first-time homebuyer age: 38-40 (depending on survey) 1985: Home cost 3.5x annual income 2024: Home costs 7.6x annual income Since 1960: Median home price increased 121% (inflation-adjusted) Since 1960: Median household income increased 29% (inflation-adjusted) Translation: Homes have gotten…