For the vast majority of citizens the most valuable asset they own is the future income earning potential of their own body and the value of that asset is being siphoned away through ever more expensive housing.
The irony is that this is true even for current homeowners who are betting on the rise of their home values, because past homeowners made housing more expensive than it needs to be and current homeowners are now stuck with large 30 year mortgages.
The irony is that this is true even for current homeowners who are betting on the rise of their home values, because past homeowners made housing more expensive than it needs to be and current homeowners are now stuck with large 30 year mortgages.