The media is rife with coverage of the nation’s housing crisis, as it should be. The median new home price in February was $400,500, interest rates hover just under 7 percent, and the minimum income required to afford the median priced home is now $106,000, up 80 percent from $59,000 in 2020.
Marriage cuts the rate of the homeownership gap by more than half.
The crisis affects all Americans and carries long-term consequences: less wealth accumulation, declining living standards, intergenerational inequality, and, perhaps most worryingly, reductions in new household formation and births. Elementary schools are closing across the country as the population of children aged 0–5 years old has dropped from 25.2 million in 2010 to 22.5 million in 2022.
Nevertheless, media reports present the housing crisis through the narrow crucible of race, a sterling manifestation of America’s incorrigible racism. (READ MORE from…
